Commentary

BB/8/05 VAT—disclosure of VAT avoidance schemes: comments on draft legislation

Part V16 Forms and other HMRC material

BB/8/05 VAT—disclosure of VAT avoidance schemes: comments on draft legislation

BB/8/05 VAT—disclosure of VAT avoidance schemes: comments on draft legislation

Business Brief, Issue 8. 24 March

On 16 March 2005 the Chancellor announced the intention to add two schemes to the list of avoidance schemes that must be notified to Customs and Excise by businesses with an annual turnover over £600,000; and an addition to the hallmarks used to identify those VAT avoidance schemes that must be notified by businesses with an annual turnover exceeding £10 million.

Draft secondary legislation has now been published on which comments are welcome. Copies of The Value Added Tax (Disclosure of Avoidance Schemes) (Designations) (Amendments) Order

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