Policy paper

Draft legislation: Promoters of Tax Avoidance Schemes - Prescribed Matters Regulations 2015

The draft regulations for technical consultation define the types of misconduct actions and penalties that will be relevant for assessing whether a promoter is subject to the Promoters of Tax Avoidance Schemes (POTAS) legislation.

This publication was withdrawn on

This publication was originally archived on 10 February 2015.

Documents

Draft legislation: Promoters of Tax Avoidance Schemes - Prescribed Matters Regulations 2015

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

This is the second set of regulations needed to support the Promoters of Tax Avoidance Schemes (POTAS) legislation. They define the type of misconduct, actions and penalties that will lead to a promoter meeting the POTAS threshold conditions in relation to disciplinary action by a professional body or regulatory authority.

If a promoter of tax avoidance schemes meets these threshold conditions, and it is determined by an Authorised Officer of HMRC that this is significant, the Department would issue such a promoter with a conduct notice. Conduct notices last for up to 2 years and require promoters to change their behaviour in relation to the schemes that they promote. The regulations also add 2 additional bodies to the list of professional bodies set out in the primary legislation.

These draft regulations will have effect once approved by the House of Commons. Any comments should be directed to: ca.consultation@hmrc.gsi.gov.uk by Thursday 27 November.

Updates to this page

Published 30 October 2014

Sign up for emails or print this page