HMRC has released guidance to help businesses and practitioners determine whether they are required to notify the tax authority when using or promoting tax avoidance arrangements. The guidance clarifies the disclosure obligations under the Disclosure of Tax Avoidance Schemes (DOTAS) rules, which apply to certain categories of schemes that meet specific characteristics. Anyone involved in implementing or marketing such schemes should review this guidance to ensure compliance with their reporting duties to HMRC.
Source: HMRC (GOV.UK) – Read the original