Disclosure of Tax Avoidance Schemes (DOTAS).

DOTAS is the disclosure of tax avoidance schemes. It is a system introduced in the UK in 2004 which requires promoters of certain tax avoidance schemes to disclose those schemes to HMRC. The scheme is designed to allow HMRC to identify and counter new and innovative tax avoidance schemes before they become widely used. Under … Read more

Nominal Value Definition.

Nominal value is defined as the stated value of a security, without taking into account any adjustments for inflation or other economic factors. For example, the nominal value of a bond may be $1,000, but its real value may be less than that if inflation increases over the life of the bond. Similarly, the nominal … Read more