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Draft statutory instrument: Disclosure of Avoidance Schemes for VAT and Other Indirect Taxes (DASVOIT)

Published 17 May 2021

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STATUTORY INSTRUMENTS

2021 No. 0000

TAXES

The Indirect Taxes (Disclosure of Avoidance Schemes) (Amendment) Regulations 2021

Made - - - - ***

Laid before the House of Commons ***

Coming into force - - ***

The Commissioners for Her Majesty바카라 사이트檚 Revenue and Customs make these Regulations in exercise of the powers conferred by paragraphs 23(2), 23A(2), 24(3), 25(2), 26(1) and (3), 27(3) and (4), 28(2), 56(2) and 57 of Schedule 17 to the Finance (No. 2) Act 2017(a).

The Commissioners for Her Majesty바카라 사이트檚 Revenue and Customs make these Regulations in exercise of the powers conferred by paragraphs 23(2), 23A(2), 24(3), 25(2), 26(1) and (3), 27(3) and (4), 28(2), 56(2) and 57 of Schedule 17 to the Finance (No. 2) Act 2017. [footnote a]

Citation and commencement

  1. These Regulations may be cited as the Indirect Taxes (Disclosure of Avoidance Schemes) (Amendment) Regulations 2021 and come into force on [date].

Amendment of the Indirect Taxes (Disclosure of Avoidance Schemes) Regulations 2017

  1. The Indirect Taxes (Disclosure of Avoidance Schemes) Regulations 2017 [footnote b] are amended as follows.
  1. In regulation 9바카라 사이트�
    1. for the heading, substitute 바카라 사이트淧aragraphs 23(2), 23A(2) and 24(3) 바카라 사이트� duties of promoters, clients and others바카라 사이트�;
    2. in paragraph (1), after 바카라 사이트�23(2)바카라 사이트� insert 바카라 사이트�, 23A(2)바카라 사이트�;
    3. in paragraph (1)(a), at the end insert 바카라 사이트渙r the person under the duty in paragraph 23A(2) of the Schedule바카라 사이트�;
    4. in paragraph (1)(b), for 바카라 사이트渘otifiable proposal or notifiable arrangement바카라 사이트� substitute 바카라 사이트減roposal or arrangement바카라 사이트�;
    5. for paragraph (1)(c), substitute바카라 사이트�

      바카라 사이트�(c) the reference number (or, if more than one, any one reference number) allocated by HMRC under paragraph 22(5) of the Schedule;바카라 사이트�;

    6. in paragraph (1)(d), for 바카라 사이트渆ach바카라 사이트� substitute 바카라 사이트渢he바카라 사이트�;
    7. at the end of paragraph (2)(a), after 바카라 사이트淪chedule;바카라 사이트� insert바카라 사이트�

      바카라 사이트�(aa) where paragraph 23A(2) of the Schedule applies, 바카라 사이트渢he client바카라 사이트� has the same meaning as in paragraph 23A(1) of the Schedule;바카라 사이트�.

  1. In regulation 10, in the heading, omit 바카라 사이트渢o promoter바카라 사이트�.
  1. In regulation 11바카라 사이트�
    1. in the heading, omit 바카라 사이트渘otifiable바카라 사이트�;
    2. in paragraph (1)(e)(ii), omit 바카라 사이트渘otifiable바카라 사이트� in both places;
    3. in paragraph (1)(e)(iii), omit 바카라 사이트渘otifiable바카라 사이트� in both places;
    4. in paragraph (2), after 바카라 사이트減aragraph 23(1)바카라 사이트� insert 바카라 사이트�, 23A(1)바카라 사이트�.
  1. In regulation 12바카라 사이트�
    1. for the heading, substitute 바카라 사이트淧aragraph 27(3) of the Schedule 바카라 사이트� duty to provide details of clients: prescribed information바카라 사이트�;
    2. in paragraph (1), for 바카라 사이트渆ach notifiable arrangement to which paragraph 27(1)바카라 사이트� substitute 바카라 사이트渢he arrangement or proposed arrangement to which paragraph 27(1) or (1A)바카라 사이트�;
    3. in paragraph (1)(c), after 바카라 사이트渢he promoter바카라 사이트� insert 바카라 사이트渙r provider바카라 사이트�;
    4. in paragraph (1)(d), after 바카라 사이트渢he promoter바카라 사이트� insert 바카라 사이트渙r provider바카라 사이트�;
    5. in paragraph (2)(a)바카라 사이트�
      1. after 바카라 사이트渢he promoter바카라 사이트� insert 바카라 사이트渙r provider바카라 사이트�;
      2. after 바카라 사이트減aragraph 23(2)바카라 사이트� insert 바카라 사이트渙r 23A(2)바카라 사이트�;
    6. in paragraph (2)(b), omit 바카라 사이트渘otifiable바카라 사이트�.
  1. In regulation 13, for the heading, substitute 바카라 사이트淧aragraph 27(3) and (4) of the Schedule 바카라 사이트� duty to provide details of clients: prescribed period바카라 사이트�.
  1. In regulation 14바카라 사이트�
    1. in paragraph (a)(i), omit 바카라 사이트渘otifiable바카라 사이트� in both places;
    2. in paragraph (a)(ii), omit 바카라 사이트渘otifiable바카라 사이트� in both places;
    3. in paragraph (c), omit 바카라 사이트渘otifiable바카라 사이트� in both places.






Name




Name




Two of the Commissioners for Her Majesty바카라 사이트檚 Revenue and Customs



Date

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations amend the Indirect Taxes (Disclosure of Avoidance Schemes) Regulations 2017 (바카라 사이트渢he 2017 Regulations바카라 사이트�) to reflect changes made to Schedule 17 to the Finance (No. 2) Act 2017 (바카라 사이트淪chedule 17바카라 사이트�) by [the Finance Act 2021].

Schedule 17 provides for the disclosure to HMRC of information relating to arrangements that enable, or might enable, people to obtain a tax advantage in relation to VAT or another indirect tax. These arrangements are referred to as 바카라 사이트渘otifiable arrangements바카라 사이트� or, before they have been put into effect, a 바카라 사이트渘otifiable proposal바카라 사이트�. The individuals responsible for them are known as 바카라 사이트減romoters바카라 사이트� and are obliged to disclose them to HMRC, with related duties falling on their clients. HMRC allocates reference numbers to such disclosed arrangements.

The amendments made by [the Finance Act 2021] allow HMRC to allocate a reference number to arrangements, or a proposal, that have not been disclosed where HMRC reasonably suspects them to be notifiable. In such circumstances, the amendments also extend the obligations in Schedule 17 to all persons that HMRC reasonably suspects to be supplying the arrangements, or proposal, and their clients. Where a reference number has been allocated on this basis, there is no requirement for the arrangements or proposals to be 바카라 사이트渘otifiable바카라 사이트�. These Regulations make consequential amendments to the 2017 Regulations in order to give effect to those amendments, by including references to suppliers of arrangements and proposed arrangements, as well as promoters, and removing references to the arrangements being 바카라 사이트渘otifiable바카라 사이트� in circumstances where this is no longer required by Schedule 17.

A Tax Information and Impact Note covering this instrument was published on 21st July 2020 alongside draft legislation amending Schedule 17 and is available on the website at /government/collections/tax-information-and-impact-notes-tiins. It remains an accurate summary of the impacts that apply to this instrument.

Footnotes

[a] 2017 c. 32; paragraph 23(2) was amended by paragraph 25(2) of Schedule [X] to the Finance Act 2021 (c. [X]) (바카라 사이트淪chedule [X]바카라 사이트�); paragraph 23A was inserted by paragraph 26 of Schedule [X]; paragraph 25(2) was amended by paragraph 29(3) of Schedule [X]; paragraph 26(1) was amended by paragraph 31(2) and (3) of Schedule [X]; paragraph 27(3) and (4) was amended by paragraph 32(5) and (6) of Schedule [X]; and paragraph 28(2) was amended by paragraph 33(3) of Schedule [X].

[b] S.I. 2017/1215.

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