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Arrangements were notifiable under the disclosure of tax avoidance scheme provisions

By Mark McLaughlin, March 2021

Arrangements involving an umbrella company which operated a contractor loan scheme involving an Isle of Man company engaging with a partnership for the supply of consultants were notifiable arrangements for disclosure of tax avoidance scheme purposes. 

Summary 

Arrangements involving an umbrella company which operated a contractor loan scheme involving an Isle of Man company engaging with a partnership for the supply of consultants were notifiable arrangements for disclosure of tax avoidance scheme (DOTAS) purposes, within the meaning of FA 2004, s 306. 

Background 

The respondent was an umbrella company (‘WCF’), which operated a contractor loan scheme arrangement. Under the arrangement, an Isle of Man company (‘OT’) engaged with a partnership;(

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