Draft statutory instruments have been published in Gov.uk which will amend the existing regulations on Disclosure of Tax Avoidance Schemes (DOTAS), Promoters of Tax Avoidance Schemes (POTAS) and Disclosure of Avoidance Schemes for VAT and Other Indirect Taxes (DASVOIT). These are expected to come into effect from 9th September 2021.
The amendments result from provisions in the Finance Bill 2021 which will ensure that HMRC can act decisively where promoters fail to provide information on their avoidance schemes and make taxpayers aware at an earlier stage where it is suspected that an avoidance scheme is being sold.
More information can be found in the following links:
