Are stricter rules for high-risk promoters on the horizon?

Table of contents

• Original news
• What new measures are being proposed?
• Will the proposed measures to identify high-risk promoters provide sufficient protection for tax advisers and intermediaries who are not promoting high-risk tax avoidance schemes?
• Do the proposals for dealing with ‘follower claims’ risk pressurising taxpayers with genuinely different circumstances into settling their disputes?
• Does the proposed change to the prescribed information required under the DOTAS regime risk over burdening all tax advisers while still failing to result in increased disclosure for most promoters who do not wish to share this information?
• How important do you think providing HMRC with these additional and expanded powers is?
• What are the implications for lawyers?

Article summary

Tax analysis: Who could be caught by reform proposals on ‘high-risk promoters’? Jonathan Levy, partner and head of the tax disputes team at Reynolds Porter Chamberlain, considers the likely impact of HMRC’s latest consultation.