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NIC disclosure rules ready to come into force

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The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) Regulations, SI 2013/2600, come into force on 4 November 2013.

The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) Regulations, SI 2013/2600, come into force on 4 November 2013. They introduce new disclosure obligations for promoters and users of NIC avoidance schemes which correspond to new obligations introduced to FA 2004 Part 7 (which provides for the disclosure to HMRC of certain tax schemes under the DOTAS regime), and make some consequential amendments to apply changes to instruments made under FA 2004 Part 7.

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