Policy paper

Draft legislation: disclosure of Indirect Tax avoidance schemes for all indirect taxes

Draft legislation to reform the regime for disclosure of indirect tax avoidance schemes, and widen it's scope to include all indirect taxes.

Document

Details

Legislation is included in Finance Bill 2017 to reform the regime for disclosure of indirect tax avoidance schemes, and widen its scope to include all indirect taxes. Much of the detail of how the scheme will operate will be contained in regulations:

  • the draft Indirect Tax (Disclosure of Avoidance Schemes) Regulations contain details of what information should be disclosed to HM Revenue and Customs (HMRC) and include some definitions of terms
  • the draft Indirect Tax (Notifiable Arrangements) Regulations detail the tests to apply to arrangements (often referred to as hallmarks) to determine if they should be disclosed to HMRC
Published 20 March 2017