Policy paper

Accelerated payments of NIC associated with schemes subject to a Follower Notice or covered by the DOTAS rules or counteracted under the GAAR

This Tax Information and Impact Note explains new legislation in the National Insurance Contributions Bill 2014 for accelerated payments associated with avoidance schemes.

Documents

Details

This measure requires persons to make an accelerated payment of disputed National Insurance Contributons where that disputed liability is associated with schemes subject to a Follower Notice or covered by the DOTAS rules or counteracted under the GAAR.

This measure will take effect 2 months after the National Insurance Contributions Bill 2014 receives Royal Assent. It will apply to all cases where there is an open National Insurance Contributons dispute or an open appeal on or after this date.

Published 17 July 2014