Businesses which use or market VAT avoidance schemes are required to disclose such schemes to HMRC1. For commentary on disclosure of tax avoidance schemes for VAT and other indirect taxes (DASVOIT), please refer to V5.213.
Penalty for non-compliance with certain duties ('initial penalty')
A person who fails to comply with the following provisions (for which see V5.213A) of Finance (No 2) Act 2017, Sch 17 is liable to a penalty2:
(a)Â Â Â Â paragraph 11(1) (duty of promoter in relation to notifiable proposal),
(b)Â Â Â Â paragraph 12(1) (duty of promoter in relation to notifiable arrangements),
(c)Â Â Â Â paragraph 17(2) (duty of person dealing with promoter outside United Kingdom),
(d)Â Â Â Â paragraph 18(2) (duty of parties to notifiable arrangements not involving promoter),
(e)Â Â Â Â paragraph 19 (duty to provide further information requested by HMRC)
(f)Â Â Â Â paragraph 21 (duty of promoters to provide updated information),
(fa)Â Â Â Â paragraph 22C (duty to provide further information requested by HMRC: paragraph 22(3) case3
(g)Â Â Â Â paragraph 23(2) (duty of promoter to notify client of reference number),
(ga)Â Â Â Â paragraph
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