Commentary

BB/16B/06 Publication of tax avoidance scheme disclosure statistics

Part V16 Forms and other HMRC material

BB/16B/06 Publication of tax avoidance scheme disclosure statistics

BB/16B/06 Publication of tax avoidance scheme disclosure statistics

Business Brief, Issue 16. 12 October 2006

This Business Brief article announces HMRC's intention to publish the number of disclosures of tax avoidance schemes received.

Background

In 2004 disclosure rules were introduced requiring promoters and users to notify details of certain direct tax and VAT arrangements to HMRC. The rules were extended to Stamp Duty Land Tax (SDLT) in 2005, and from 1 August 2006 to the whole of Income Tax, Corporation Tax and Capital Gains Tax.

Since the introduction of the rules, tax professionals, business and others have shown a great deal of interest in

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