The Indirect Taxes (Notifiable Arrangements) (Amendment) Regulations, SI 2023/473, update the description of VAT avoidance arrangements set out in the principal Notifiable Arrangement Regulations (SI 2017/1216). The principal regulations specify the type of arrangements which give rise to a duty to make a disclosure to HMRC.
The key change is to make clear that supplies between members of a VAT group (which otherwise would be disregarded for VAT purposes) are included. This means that, avoidance arrangements involving offshore supplies which include transactions between the members of a VAT group, are ‘notifiable arrangements’ subject to the disclosure requirements under F(No 2)A 2017 Sch 17.
The Indirect Taxes (Notifiable Arrangements) (Amendment) Regulations, SI 2023/473, update the description of VAT avoidance arrangements set out in the principal Notifiable Arrangement Regulations (SI 2017/1216). The principal regulations specify the type of arrangements which give rise to a duty to make a disclosure to HMRC.
The key change is to make clear that supplies between members of a VAT group (which otherwise would be disregarded for VAT purposes) are included. This means that, avoidance arrangements involving offshore supplies which include transactions between the members of a VAT group, are ‘notifiable arrangements’ subject to the disclosure requirements under F(No 2)A 2017 Sch 17.
