Value Added Tax

DASVOIT ― notifiable arrangements and making the notification

Produced by Tolley
  • 22 Jun 2022 17:01

The following Value Added Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • DASVOIT ― notifiable arrangements and making the notification
  • Notifiable arrangements
  • The five ‘tests’
  • Test 1
  • Test 2
  • Test 3
  • Test 4
  • Test 5
  • Who has a duty to disclose?
  • Notifiable arrangements marketed by promoters outside the UK
  • More...

DASVOIT ― notifiable arrangements and making the notification

This guidance note provides an overview of the types of DASVOIT notifiable arrangements and the procedure that must be used in order to make the relevant notification to HMRC.

This note should be read in conjunction with the Disclosure of tax avoidance schemes for VAT and other indirect taxes (DASVOIT) ― introduction, DASVOIT ― the hallmarks and DASVOIT ― penalties and powers guidance notes.

The Disclosure of tax avoidance schemes for VAT and other indirect taxes (DASVOIT) ― introduction guidance note provides a definition of the types of persons who could be involved in a notifiable arrangement.

Notifiable arrangements

If all of the following criteria have been met, the arrangement or proposal is notifiable and must be disclosed to HMRC using the prescribed method:

  1. they will, or might be expected to, enable any person to obtain a tax advantage

  2. that tax advantage is, or might be expected to be, the main benefit or one of the main benefits of the arrangements

  3. they are arrangements that fall within any description (the ‘hallmarks’) prescribed in the Notifiable Arrangements Regulations

VAT Notice 799; The Indirect Taxes (Disclosure of Avoidance Schemes) Regulations 2017, SI 2017/1215; The Indirect Taxes (Notifiable Arrangements) Regulations 2017, SI 2017/1216; Finance (No 2) Act 2017, s 66, Sch 17

HMRC has devised five tests (described below) that must

Access this article and thousands of others like it
free for 7 days with a trial of TolleyGuidance.

Popular Articles

Notices of coding

Notices of coding are the means by which HMRC notifies both the employee and the employer of the tax code to be applied to the employee’s earnings. There are several types of coding notice, as detailed below. Only one of these types of notice, form P2, is sent to the employee, the others are sent to

30 Mar 2022 08:51 | Produced by Tolley in association with Vince Ashall Read more Read more

Corporate interest restriction ― calculating tax-interest expense amounts and tax-EBITDA

Why do we need to calculate these amounts?This guidance note sets out details of the initial calculations a group will need to undertake for the purposes of the corporate interest restriction (CIR) regime. For a general overview of the regime, see the Corporate interest restriction ― overview

27 Jun 2022 10:04 | Produced by Tolley Read more Read more

Effective tax rate planning

Calculation of the effective tax rateAn international group’s effective rate of tax is usually calculated as the amount of tax it pays divided by its consolidated profits. The effective tax rate depends largely on:•the rate of tax paid by each company in the group•the companies in which profits are

23 Mar 2022 10:51 | Produced by Tolley in association with Anne Fairpo Read more Read more