HM Revenue & Customs (HMRC) does not always inspire feelings of positivity and reassurance among the financial planning community. 

    Yet its latest guidance notes on the new Disclosure of Tax Avoidance Scheme (Dotas) reporting requirements may change all that. Technical Connection joint managing director Tony Wickenden explains. 

    In this video, Tony says coverage of how the Dotas rules apply to inheritance tax (IHT) planning has tended to focus on the 'established practice' exception.

    This is where if an individual is entering into a scheme that is substantially similar to a scheme promoted and accepted before the new requirements were introduced on 1 April, then this doesn't have to be reported under Dotas.

    Here, Tony looks at the other main criteria for reporting IHT arrangements , and why the examples provided by HMRC are good news for financial planners. 

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