Practical issues on disclosure

Article by Colin Davis, CIOT Technical Officer Corporate and International Taxes. This article appeared in the October 2004 issue of Tax Adviser. In an earlier article, Rosalind Upton explained the scope of the direct tax disclosure regime. It is clear that it applies not only to packaged tax avoidance schemes, but also to bespoke advice that falls within the parameters set out in the regulations. This means that, in principle, any tax adviser may be required to make a disclosure under the regulations.

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October 2004 by Colin Davis