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HMRC has published a consultation on the reform and extension of the regime.
HMRC has published a consultation on the reform and extension of the disclosure of VAT avoidance schemes (VADR) and proposed changes to inheritance tax hallmark regulations.
On VAT, there are three aims: reform VADR so that it more closely resembles the disclosure of tax avoidance schemes (DOTAS) regime; move the primary obligation to disclose VAT avoidance schemes from users to promoters; and consider the extent to which the other requirements of DOTAS should be carried across to a revised VADR.
The consultation also seeks views on whether, and if so how, the VAT disclosure regime could be designed to encompass other indirect taxes, such as gambling duties and insurance premium tax.
Responses should be emailed by 13 July 2016.
