IRRV Alert - week ending 26th March 2021
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Tackling promoters of tax avoidance draft guidance (23 March 2021)
Guidance
Tackling promoters of tax avoidance draft guidance
Draft technical guidance covering changes to anti-avoidance regimes, published in Finance (No2) Bill 2021 which will strengthen the sanctions against those who promote or enable tax avoidance schemes.
From:
Published:
23 March 2021
Documents
Tackling promoters of tax avoidance draft guidance
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Details
The government is introducing legislation to strengthen the sanctions against those who promote or enable tax avoidance scheme, which changes the following anti-avoidance regimes:
- Disclosure of Tax Avoidance Schemes (DOTAS)
- Promoters of Tax Avoidance Schemes (POTAS)
- Penalties for Enablers of Defeated Tax Avoidance
- General Anti Abuse Rule (GAAR)
- Disclosure of Avoidance Schemes: VAT and other indirect taxes (DASVOIT)
You can read a summary of responses about tackling promoters of tax avoidance.
The draft guidance should be read alongside the legislation.
Published 23 March 2021