V5.213 Disclosure of tax avoidance schemes for VAT and other indirect taxes (DASVOIT)
The DASVOIT rules came into effect on 1 January 2018, replacing the previous VAT avoidance disclosure rules (VADR). In broad summary, DASVOIT revises the list of disclosable VAT schemes, extends the disclosure to other indirect taxes and extends the obligation to disclose from users to include promoters.
Disclosure of tax avoidance schemes: VAT and other indirect taxes (DASVOIT)—an overview
DASVOIT requires certain persons, usually promoters of indirect tax avoidance schemes, but also users in certain circumstances, to provide HMRC with information about 'notifiable arrangements' and 'notifiable proposals' (broadly, tax planning arrangements). An overview of the scheme is as follows:
- Ìý
•ÌýÌýÌýÌý The fundamental requirement of DASVOIT is the obligation to make a disclosure to HMRC of information relating to 'notifiable arrangements' or 'notifiable proposals'.
- Ìý
•ÌýÌýÌýÌý Schemes developed offshore, if not disclosed by the promoter, must be disclosed by the user.
- Ìý
•ÌýÌýÌýÌý Schemes which do not have a promoter (eg they
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 13:31