The following Private Client guidance note provides comprehensive and up to date legal information covering:
This Practice Note describes the rules on the disclosure of tax avoidance schemes (DOTAS) applying to inheritance tax (IHT).
The procedural aspects of the rules, including time limits, how to make a disclosure, scheme reference numbers, penalties and HMRC information powers, are covered in Practice Note: Disclosure of tax avoidance schemes—procedure.
For the rules on disclosing:
avoidance of income tax, corporation tax, capital gains tax (CGT) and National Insurance contributions (NICs), see Practice Note: Disclosure of tax avoidance schemes—income tax, corporation tax, CGT and NICs
stamp duty land tax (SDLT) avoidance, see Practice Note: Disclosure of tax avoidance schemes—SDLT
avoidance of VAT and other indirect taxes, see Practice Note: Disclosure of tax avoidance schemes—VAT and other indirect taxes (DASVOIT)
For separate (but related) rules imposing sanctions on promoters of tax avoidance schemes (POTAS), see Practice Note: Promoters of tax avoidance schemes.
The DOTAS rules make it obligatory to inform HMRC about certain tax avoidance arrangements in order to act as an early warning system, as HMRC would otherwise not find out about tax avoidance schemes until the submission of a tax return many months after implementation of a scheme (and sometimes not even then). For more information, see Function of the DOTAS rules.
The DOTAS rules are found in
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234