With the disclosure rules in place from 1 August, Chris Tailby, on behalf of Customs, highlights the need for realistic evaluation of the 'main purpose' test
With the disclosure rules in place from 1 August Chris Tailby on behalf of Customs highlights the need for realistic evaluation of the 'main purpose' test
The disclosure legislation which received the Royal Assent on 22 July and which came into force for VAT returns beginning on or after the 1 August makes it a requirement to disclose to Customs the use of specified hallmarks of avoidance if certain criteria are met.
One of the criteria is if the main purpose or one of the main purposes of the use of the scheme is to gain a tax advantage for the business...
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With the disclosure rules in place from 1 August, Chris Tailby, on behalf of Customs, highlights the need for realistic evaluation of the 'main purpose' test
With the disclosure rules in place from 1 August Chris Tailby on behalf of Customs highlights the need for realistic evaluation of the 'main purpose' test
The disclosure legislation which received the Royal Assent on 22 July and which came into force for VAT returns beginning on or after the 1 August makes it a requirement to disclose to Customs the use of specified hallmarks of avoidance if certain criteria are met.
One of the criteria is if the main purpose or one of the main purposes of the use of the scheme is to gain a tax advantage for the business...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
