HM Revenue & Customs (HMRC) has updated its guidance on Disclosure of Tax Avoidance Schemes (DOTAS), to reflect changes in the Finance Acts 2014 and 2015.

The guidance explains what to do if you promote or use arrangements (including any scheme, transaction or series of transactions) that will or are intended to provide the user with a tax and/or National Insurance contribution (NIC) advantage.

It includes advice on:

  • deciding if arrangements relating to income tax, corporation tax, capital gains tax, NICs, stamp duty land tax and inheritance Tax should be disclosed to HMRC;
  • how to make a disclosure;
  • the systems HMRC expects users of tax arrangements to have in place to monitor arrangements that they may need to disclose to HMRC; and
  • how to notify HMRC that you are using a disclosed arrangement.