HMRC has added a new compliance checks series factsheet to its collection, covering the use of third-party information notices in relation to promoters of tax avoidance schemes (POTAS).
Third party information notices: promoters of tax avoidance schemes (CC/FS74) explains the background to notices which HMRC has issued, or is likely to issue, requesting information about a promoter. The factsheet makes clear that, in this context, the person who has been given the notice is the person from whom the information is required, but that the information itself will relate to the promoter. It also outlines penalties for failure to comply with the notice.
The factsheet also explains the involvement of the tribunal before a third-party notice can be issued in circumstances where the promoter has not given permission to issue the notice.
HMRC also publishes CC/FS23 which covers third-party information notices more generally.
HMRC has added a new compliance checks series factsheet to its collection, covering the use of third-party information notices in relation to promoters of tax avoidance schemes (POTAS).
Third party information notices: promoters of tax avoidance schemes (CC/FS74) explains the background to notices which HMRC has issued, or is likely to issue, requesting information about a promoter. The factsheet makes clear that, in this context, the person who has been given the notice is the person from whom the information is required, but that the information itself will relate to the promoter. It also outlines penalties for failure to comply with the notice.
The factsheet also explains the involvement of the tribunal before a third-party notice can be issued in circumstances where the promoter has not given permission to issue the notice.
HMRC also publishes CC/FS23 which covers third-party information notices more generally.
