Disclosure of tax avoidance schemes for VAT and other indirect taxes (DASVOIT) ― introduction

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note provides an overview of the rules that were effective from 1 January 2018 that require a person to officially disclose the use of certain VAT or other indirect tax avoidance schemes.

This guidance note should be read in conjunction with the DASVOIT ― notifiable arrangements and making the notification, DASVOIT ― the hallmarks and DASVOIT ― penalties and powers guidance notes.

Background

The revised reporting rules affect persons who promote or use arrangements from 1 January 2018 that are intended to, or will provide, the user with a VAT or other indirect tax advantage that would not have been obtained had another course of action been taken.

Terminology

Term	Meaning allocated by HMRC in respect of DASVOIT
Arrangements	Includes any scheme, transaction or series of transactions
Tax advantage for VAT	A person (P) obtains a tax advantage for VAT if: (a) in any prescribed accounting period, the amount by which the output tax accounted for by P exceeds the input tax deducted

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