On 1 August 2004, statutory provisions came into effect requiring the disclosure of tax avoidance schemes (DOTAS) to HM Revenue and Customs (HMRC). Tax avoidance schemes are arrangements that enable a person to obtain a tax advantage.
DOTAS currently covers the following taxes:
- capital gains tax
- corporation tax
- income tax
- inheritance tax, from 6 April 2011
- stamp duty land tax
This practice note is the Law Society’s view of good practice in this area, and is not legal advice. For more information see the legal status.