Take part in the SDLT discussion forum and give feedback. Sign up to submit that question you've wanted to ask or to share your experience or an outcome to a point of law or practice that may be puzzling the rest of us.

Home Forums Patrick Cannon How much disclosure is required to stop a discovery assessment? Reply To: How much disclosure is required to stop a discovery assessment?

#518
Patrick
Guest

Barrie, in principle I agree with your view. The two sets of rules have different purposes. The DOTAS rules are there to alert HMRC to the use of a new and innovative tax scheme. The discovery rules are intended to give the taxpayer the comfort of finality after (in SDLT) 9 months if he has made an honest return and clearly alerted HMRC to a situation where HMRC might think that insufficient tax has been paid. Therefore if such comfort is required, a disclosue would need to accompany the return even when there is no disclosure obligation under DOTAS. Such disclosures are of course a voluntary matter unlike those where DOTAS applies.