In an effort to widen the current scope of the current rules pertaining to the promoters of tax avoidance schemes, HMRC has been given additional powers to issue conduct notices to a broader range of those considered promoters of aggressive tax avoidance schemes. The new powers, under the Promoters of Tax Avoidance Schemes (POTAS), were announced at Budget 2015. POTAS, introduced in Finance Act 2014, currently requires avoidance scheme promoters to change their behaviour voluntarily, failing which, they may be fined up to £1 m. It also permits naming and shaming of the promoters, their intermediaries and clients.
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