Commentary

BB/16A/04 VAT—disclosure of VAT avoidance schemes—comments on draft legislation

Part V16 Forms and other HMRC material

BB/16A/04 VAT—disclosure of VAT avoidance schemes—comments on draft legislation

BB/16A/04 VAT—disclosure of VAT avoidance schemes—comments on draft legislation

Business Brief, Issue 16. 9 June 2004

On 17 March 2004 the Chancellor announced, as part of his Budget speech, the introduction of a requirement on businesses to disclose the use of specific avoidance schemes and schemes that have certain of the hallmarks of avoidance.

The primary legislation is contained in Clause 19 and Sch 2 to The Finance Bill 2004, which has been through committee stage of the House of Commons. Draft secondary legislation has now been published on which comments are welcome.

Copies of The Value Added Tax (Disclosure of Avoidance Schemes)

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