Draft proposals to give HMRC more power to tackle tax avoidance schemes

The Treasury is consulting on draft regulations that aim to give HMRC the power to take swifter action when tax avoidance scheme promoters fail to provide information on their avoidance schemes

The proposed changes will make amendments to Finance Bill 2021 and will give HRMC more scope to make taxpayers aware at an earlier stage if they suspect they are being sold an avoidance scheme.

The Treasury released draft regulations for the Disclosure of Tax Avoidance Schemes (DOTAS), Disclosure of Avoidance Schemes for VAT and Other Indirect Taxes (DASVOIT) and Promoters of Tax Avoidance Schemes (POTAS).

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Tax | Property118 wins case against HMRC over notifiable scheme notices

Tax | HMRC recklessness conduct offence extends scope of powers

Business | Warning on tax adviser regulation by the backdoor

Tax | Avoidance scheme promoter wound up over £20m tax bill

Tax | Clear guidance on HMRC register of tax agents urgently required, warns CIOT

Navigate

Tax Services

Your free features:

Sign up to Business & Accountancy Daily