The disclosure of tax avoidance schemes (DOTAS) regime has come a long way since its introduction in 2004, Jim Harra writes.
HMRC is currently consulting on how to further improve the effectiveness of that regime and is also taking a broader look at ways of tackling the problem of marketed avoidance schemes.
The government announced on 17 September that it has extended the disclosure of tax avoidance schemes (DOTAS) regime to cover more SDLT avoidance schemes making it easier for HMRC to identify and challenge schemes for avoiding tax on property purchases. This is the latest development of the DOTAS regime which has evolved from an initial focus on schemes concerning employment income or involving certain financial products into a broader more valuable tool which is at the heart of HMRC's...
