HMRC has published a new Notice 799 that provides guidance and instructions on the new disclosure rules for indirect tax avoidance schemes that came into effect on 1 January 2018. It should be noted that parts of this 75-page notice are tertiary legislation that have the force of law.
The notice states what to do if you promote or use arrangements (including any scheme, transaction or series of transactions) from 1 January 2018 that will, or are intended to, provide the user with a VAT or other indirect tax advantage when compared to adopting a different course of action. It includes information on:
The indirect taxes covered by the new rules are: