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