A7.232 Form of disclosure

A7.232 Form of disclosure

Notifiable arrangements and proposals must be disclosed in a prescribed form and manner1, ie using HMRC's published forms. Every box within a form must be filled in regardless of whether it is relevant – eg form AAG1 requires information on a co-promoter, which in some schemes may not be relevant, although the technician must make an entry, with reference to the legislation, whether this is correct or not.

Good knowledge of DOTAS is required, including knowledge of the hallmarks under which the particular scheme falls, and certainly requires the expertise of a tax if not a DOTAS specialist. The three most important boxes ask for a summary of the scheme, an explanation of each element to the

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial