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UK Seeks Feedback on Changes to Tax Disclosure Rules

Dec. 5, 2022, 2:38 PM

The UK tax authority is asking for input on changes to rules for the disclosure of tax avoidance schemes, including value-added tax, HMRC said Monday.

The proposed changes would amend definitions of VAT and define when avoidance schemes must be reported to His Majesty’s Customs and Revenue, according to the public consultation.

  • The changes would also apply to other levies, including the landfill tax, tobacco duties, and insurance premium tax.
  • The consultation would change rules first introduced in 2017, known as the Disclosure of Tax Avoidance Schemes for VAT and other indirect taxes. ...