The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides details of HMRC’s guidance on the ‘serial tax avoidance regime’ (STAR) and the warning notices that can be issued to businesses where HMRC has successfully defeated the scheme being used. HMRC has produced detailed guidance which can be accessed via Serial Tax Avoidance Regime (STAR) .
The measure explained below will impact businesses that have implemented a tax avoidance scheme or where a tax avoidance scheme has been used by one of the following:
FA 2016, s 159, Sch 18; De Voil Indirect Tax Service V5.360G (subscription sensitive)
The legislation was introduced with effect from 15 September 2016 and is designed to deter businesses from using tax avoidance schemes.
It is important to note that the STAR legislation does not only apply to persistent offenders and it is equally applicable to persons who have only used one avoidance scheme that was defeated. It impacts all new avoidance arrangements that were entered into on or after 15 September 2017.
The legislation covers the following taxes:
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