Commentary

V5.213A Duties of promoters and other persons to disclose information

Part V5 Compliance, enforcement and appeals

V5.213A Duties of promoters and other persons to disclose information

V5.213A Duties of promoters and other persons to disclose information1

Duty of promoter in relation to a notifiable proposal or notifiable arrangements—F(No 2)A 2017, Sch 17, para 11(1), 12(1)

The promoter of a notifiable proposal must, within a period of 31 days ('the relevant period') of the 'relevant date', provide HMRC with prescribed2 information relating to the proposal3.

The promoter of notifiable arrangements must, within 31 days after the date on which he first becomes aware of any transaction forming part of the arrangements, provide HMRC with prescribed4 information relating to the arrangements5. However, this does not apply if the notifiable arrangements implement a proposal in respect of which notice has already been given to HMRC6.

The information must be provided on form DASVOIT1 and sent by post to7

HM Revenue and Customs

DASVOIT disclosures S0483

Newcastle

NE98 1ZZ

Multiple promoters—F(No 2)A 2017, Sch 17, paras 13, 14

Where a promoter (P) has provided HMRC with the prescribed information as required above, another promoter of a notifiable proposal or notifiable arrangements which is/are substantially the same is not required to provided HMRC with the same information again, provided that (a) P gives HMRC the name and address of any such promoter, or (b) any such a promoter holds the Reference Number (see below), and (in either case) such a promoter holds the information provided to HMRC.

Multiple proposals/arrangements—F(No 2)A 2017, Sch 17, para 15

Where a promoter has already notified HMRC about a proposal or arrangements, he need not make a further notification in respect of a proposal

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