Examples of DOTAS in a sentence
Where the OONC relates to a DOTAS, the number of the relevant scheme.
A failed DOTAS scheme is one which has been shown either through litigation or through settlement not to achieve the tax result that it set out to obtain.
Tax schemes, including packaged products, may be acceptable in some circumstances but you will still need to provide us with the Disclosure of Tax Avoidance Schemes (DOTAS) details and official DOTAS scheme number as full disclosure is required on your annual Self-Assessment Tax Return.
In 2004, the government introduced the “Disclosure of Tax Avoidance Schemes” (DOTAS) rules, modelled on the US law, and required promoters of avoidance schemes to disclose the main elements of the schemes to Her Majesty’s Revenue and Customs (HRMC).
It should be noted that accelerated payments of tax and NIC can be demanded by HMRC in DOTAS cases.