Commentary

A7.244 Incomplete disclosure

Administration and compliance

A7.244 Incomplete disclosure

A7.244 Incomplete disclosure

It should be remembered that the onus is on the promoter or other person disclosing, to provide a full explanation of the scheme or arrangement in question, including detailing each element of the scheme together with the relevant statutory provisions, on the relevant AAG form. In fact, it is likely that the expertise of a tax expert will be required to provide a high quality disclosure, and it may be that the level of disclosure experienced by HMRC under the DOTAS system is not always consistent. Where HMRC believe that a promoter has not provided all

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