Disclosure Requirements - Regulations

The Chancellor of the Exchequer announced on 17 March 2004 new disclosure rules to require promoters and users of certain tax schemes and arrangements to disclose details of those arrangements to the Inland Revenue.

Further details of how the rules will operate are set out in regulations. Draft regulations were published for consultation on 17 May 2004. Following consultation, Ministers have now approved the final text of the regulations as published below. The regulations will be laid before Parliament following Royal Assent to the Finance Bill 2004.

Guidance on the operation of the disclosure rules will be published before the rules take effect on 1 August.

• Disclosure Requirements: Response to Consultation on Regulations (PDF 89K)
• The Tax Avoidance Schemes (Information) Regulations 2004 (PDF 129K)
• The Tax Avoidance Schemes (Promoter and Prescribed Circumstances) Regulations 2004 (PDF 96K)
• The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2004 (PDF 124K)