As we noted last month, HMRC is in the process of carrying out a full review of the Disclosure of Tax Avoidance Schemes (DOTAS) regime and the VAT Disclosure Regime. This review will assess, amongst other things, the success of the regimes since their introduction in 2004, and the burden they place both on taxpayers and HMRC. The review is due to be completed by 31 March 2014.

In August 2013, HMRC published draft guidance on the amended DOTAS confidentiality hallmarks. The guidance reflects draft regulations which were published on 17 July 2013 and includes HMRC’s view on Hallmarks 1(a) and (b) (confidentiality where promoter involved), and Hallmark 2 (confidentiality where no promoter involved). The guidance will be revised once the hallmarks are finalised.

To view the draft guidance click here.