Annual Tax on Enveloped Dwellings (ATED) returns - CIOT comments

6 Jul 2017

HMRC consulted on the extension of DOTAS to require the disclosure of certain schemes seeking to avoid ATED. HMRC published a technical note and draft regulations setting out the descriptions of schemes to be disclosed and the information and time limits for doing so.

The technical note (attached) includes:

Draft regulations: The Annual Tax on Enveloped Dwellings Avoidance Schemes( Prescribed Descriptions of Arrangements ) Regulations 2013 setting out the types of scheme requiring disclosure ( widely defined but with an exemption for excluded arrangements) (Is regulation 3 - the transitional provisions a concern?) Draft regulations: The Tax Avoidance Schemes (Information) (Amendment) Regulations 2013 specifying the information requirements and time limits. New form AAG4(ATED) A link to the revised TIN to reflect the impact of ATED being brought within the scope of DOTAS. The revised TIN is attached.

Our submission and the TIN/explanatory note are attached below in Adobe (PDF) format.

Technical Team 21 August 2013