This includes proposals to revise and extend the Disclosure of Tax Avoidance Schemes (DOTAS) regime, which requires promoters and users of tax avoidance schemes to provide information to HMRC.
HMRC has gone out for a 12 week conculstaion on a programme of work for improving public information about tax avoidance arrangements and the risks associated with using them. It also seeks views on:
- extending the DOTAS information to be reported to HMRC, and
- ensuring that persons required to disclose a scheme do so at the right time.
HMRC is also seeking views as to whether proposals to revise and extend the DOTAS ‘hallmarks’ (the descriptions of schemes required to be disclosed for income tax, capital gains tax and corporation tax purposes) are too widely or narrowly drawn, and on their impacts upon compliance costs and administrative burdens.
For more information, see HMRC's consultation document, Lifting the Lid on Tax Avoidance Schemes.
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