Disclosure of tax avoidance schemes for VAT and other indirect taxes (DASVOIT) ― introduction

By Tolley
VAT_tax_img3

The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Disclosure of tax avoidance schemes for VAT and other indirect taxes (DASVOIT) ― introduction
  • Background
  • Persons
  • Notifiable arrangements and notifying HMRC
  • HMRC powers and penalties

This guidance note provides an overview of the rules that were effective from 1 January 2018 that require a person to officially disclose the use of certain VAT or other indirect tax avoidance schemes.

This guidance note should be read in conjunction with the DASVOIT ― notifiable arrangements and making the notification, DASVOIT ― the hallmarks and DASVOIT ― penalties and powers guidance notes.

The Anti-avoidance ― introduction (pre 1 January 2018), Anti-avoidance ― listed schemes (pre 1 January 2018) and Anti-avoidance ― hallmark schemes (pre 1 January 2018) guidance notes explain the rules that are applicable to arrangements that were entered into before 1 January 2018.

Background

The revised reporting rules affect persons who promote or use arrangements from 1 January 2018 that are intended to, or will provide, the user with a VAT or other indirect tax advantage that would not have been obtained had another course of action been taken.

HMRC VAT notice 799 ; The Indirect Taxes (Disclosure of Avoidance Schemes) Regulations 2017, SI 2017/1215; The Indirect Taxes (Notifiable Arrangements) Regulations 2017, SI 2017/1216; Finance (No 2) Act 2017, s 66, Sch 17
Terminology
TermMeaning allocated by HMRC in respect of DASVOIT
ArrangementsIncludes any scheme, transaction or series of transactions
Tax advantage for VAT

More on Anti-avoidance: