Commentary

V7.311A Disclosure of avoidance schemes for VAT and other indirect taxes (DASVOIT)

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.311A Disclosure of avoidance schemes for VAT and other indirect taxes (DASVOIT)

Part V7 Tax planning | Commentary

V7.311A Disclosure of avoidance schemes for VAT and other indirect taxes (DASVOIT)

Finance (No 2) Act 2017 introduced new disclosure rules (Disclosure of avoidance schemes for VAT and other indirect taxes (DASVOIT)) in relation to VAT avoidance schemes similar to the rules for direct taxes (ie DOTAS). Finance (No 2) Act 2017, s 66 and Sch 17 introduced a replacement disclosure regime with effect from 1 January 2018. A notification is now required if an advisor or business promotes or uses arrangements (including any scheme, transaction or series of transactions) that will, or are intended to, provide the user with a VAT or other indirect tax advantage when compared to adopting a different course of action.

As can be seen, this is a far-reaching

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