DOTAS takes on ATED and new pensions hallmark

The Annual Tax on Enveloped Dwellings Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations, SI 2013/2571, prescribe arrangements which enable or might be expected to enable a person to obtain a tax advantage in relation to ATED, and which a promoter is required to notify to HMRC under the disclosure of tax avoidance schemes (DOTAS) rules. The Tax Avoidance Schemes (Information) (Amendment, etc) Regulations, SI 2013/2592, amend SI 2012/1836 to reflect FA 2013 changes to FA 2004 Part 7 and the new disclosure requirements in SI 2013/2571.

The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations, SI 2013/2595, amend SI 2006/1543 to clarify aspects of the confidentiality hallmarks and replace the pensions hallmark with a new hallmark relating to employment income provided through third parties. The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) Regulations, SI 2013/2600, amend SI 2012/1868 to introduce new disclosure obligations for promoters and users of NIC avoidance schemes.