Strengthening the disclosure hallmarks—the updated DOTAS rules

Table of contents

• Original news
• What, briefly, is the effect of the new regulations?
• What is the background to the regulations and what changes have been made in response to the earlier consultations?
• Standardised tax products
• Loss schemes
• Financial products
• Do you think the new financial products hallmark could be wider than is intended?
• Why does the government want to make these changes?
• How should tax advisers approach these changes, given that making a disclosure can have adverse effects under, for instance, the APN rules?

Article summary

Tax analysis: Adam Craggs, partner at RPC, looks at the potential areas of concern for tax practitioners complying with the revised hallmarks contained in the disclosure of tax avoidance schemes (DOTAS) rules.