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Disclosure of Tax Avoidance Schemes

 
Pete Miller Tax Director Ernst & Young LLP looks at the development of the Disclosure of Tax Avoidance Scheme (DoTAS) regulations
History And Background
 
The DoTAS regulations were enacted in 2004. They were a response to what the Inland Revenue and Treasury saw as an unacceptable level of tax planning and in particular the sale of tax-saving schemes or arrangements by the promoters of such schemes.
 
The intention of the rules is to ensure that HMRC receives information about schemes as soon as possible. Under the normal timetable for tax returns there could be a delay of up to two years between a company entering into tax-saving arrangements and the submission of a...
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