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HMRC is planning to shore up the disclosure of tax avoidance schemes (DOTAS) regime through a series of revamps and additions.
A consultation document published by the tax department puts forward options on how to improve the information provided through DOTAS and how to support the new accelerated payments rules.
The main proposals centre on changes to:
HMRC is planning to shore up the disclosure of tax avoidance schemes (DOTAS) regime through a series of revamps and additions.
A consultation document published by the tax department puts forward options on how to improve the information provided through DOTAS and how to support the new accelerated payments rules.
The main proposals centre on changes to:
- descriptions of schemes required to be disclosed;
- continued compliance with the rules by promoters not resident in the UK; and
- penalties applicable to users of schemes who fail to notify their use of a scheme.
The Revenue is also considering the launch of protection for those who wish to provide information about potential avoidance but are prevented from doing so by governance or confidentiality requirements.
Other parts of the condoc, Strengthening the Tax Avoidance Disclosure Regimes, seek views on improving the regime’s operation generally and on how disclosures can be improved to ensure HMRC receive sufficient information about VAT-dodging arrangements.
Changes that affect employment income will be extended to the DOTAS National Insurance contributions rules, said the taxman.
Responses to the plans should be emailed no later than 23 October.
