611. Promoters of tax avoidance schemes.

A special statutory scheme applies to promoters of tax avoidance schemes ('POTAS')1. These rules are intended to deter the development and use of avoidance schemes by influencing the behaviour of promoters, their intermediaries and clients, in particular by:

  1.  

    (1)     requiring monitored promoters to disclose details of their products and clients to HMRC;

  2.  

    (2)     ensuring monitored promoters tell clients, potential clients and intermediaries that they are a monitored promoter;

  3.  

    (3)     minimising the risk of tax loss via avoidance schemes developed by POTAS; and

  4.  

    (4)     making sure that clients and intermediaries are fully aware of the risks of engaging in avoidance