Strengthening the Tax Avoidance Disclosure Regimes

The disclosure regimes for direct taxes (Disclosure of Tax Avoidance Schemes) and for VAT (VAT Avoidance Disclosure Regime) were introduced in 2004 to provide early information to HM Revenue and Customs (HMRC) about tax avoidance schemes and their users. They both work by requiring certain persons to tell HMRC about the design and/or use of schemes intended to avoid any of the taxes covered by the regime in question.