HMRC has updated its disclosure of tax avoidance schemes (DOTAS) guidance, to take account of the Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations, SI 2016/99, which amended the hallmarks with effect from February 2016. These regulations:
The exemption from the requirement to disclose schemes which are the same, or substantially the same, as schemes that were being marketed before 1 August 2006 was also removed.
The confidentiality hallmark (where there is a promoter involved) and the premium fee hallmark have been extended to include arrangements that might be expected to enable a person to obtain an advantage in relation to IHT.
Read the DOTAS guidance at here.
HMRC has updated its disclosure of tax avoidance schemes (DOTAS) guidance, to take account of the Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations, SI 2016/99, which amended the hallmarks with effect from February 2016. These regulations:
The exemption from the requirement to disclose schemes which are the same, or substantially the same, as schemes that were being marketed before 1 August 2006 was also removed.
The confidentiality hallmark (where there is a promoter involved) and the premium fee hallmark have been extended to include arrangements that might be expected to enable a person to obtain an advantage in relation to IHT.
Read the DOTAS guidance at here.