Strengthening the Tax Avoidance Disclosure Regimes for Indirect Taxes and Inheritance Tax
20 Apr 2016 12:44 PM
A consultation on reforms and extension of the disclosure of VAT avoidance schemes and proposed changes to IHT hallmark regulations.
The government consulted in 2014 on proposed reforms to the scheme for disclosure of VAT avoidance schemes (VADR) to bring it more into line with scheme for disclosing avoidance in direct taxes (DOTAS). In the same consultation the government proposed changes to the existing Disclosure of Tax Avoidance Schemes hallmark regulations describing Inheritance Tax (IHT). An initial draft of regulations covering the IHT elements was subsequently published in July 2015.
This consultation takes forward both elements, including draft revisions to the hallmark regulations covering IHT. It asks for views on the proposals to make sure the disclosure regimes provide reasonable and timely information toHMRC about avoidance of these taxes and duties.
This consultation closes at 13 July 2016 11:45pm
Strengthening the Tax Avoidance Disclosure Regimes for Indirect Taxes and Inheritance Tax PDF, 374KB, 35 pages
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