The Stamp Duty Land Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations, SI 2012/2395, amend SI 2005/1868 to bring within the disclosure of tax avoidance schemes (DOTAS) regime certain arrangements that are currently excepted.
The Stamp Duty Land Tax (Avoidance Schemes) (Specified Proposals or Arrangements) Regulations, SI 2012/2396, modifies FA 2004 s 308 which sets out sets out when promoters of avoidance arrangements are required to make a disclosure to HMRC. Promoters will have to make one additional disclosure of avoidance arrangements where (i) the arrangements were disclosed to HMRC before 1 April 2010, (ii) the arrangements are of a certain described type and (iii) the promoter is still marketing the arrangements, HMRC said.
The Stamp Duty Land Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations, SI 2012/2395, amend SI 2005/1868 to bring within the disclosure of tax avoidance schemes (DOTAS) regime certain arrangements that are currently excepted.
The Stamp Duty Land Tax (Avoidance Schemes) (Specified Proposals or Arrangements) Regulations, SI 2012/2396, modifies FA 2004 s 308 which sets out sets out when promoters of avoidance arrangements are required to make a disclosure to HMRC. Promoters will have to make one additional disclosure of avoidance arrangements where (i) the arrangements were disclosed to HMRC before 1 April 2010, (ii) the arrangements are of a certain described type and (iii) the promoter is still marketing the arrangements, HMRC said.
