A7.245 Introducers

A7.245 Introducers

The obligation to disclose applies to 'introducers' who are not promoters but who advertise notifiable schemes on behalf of a promoter (see A7.206) and with effect from 1 January 2011, the pre-disclosure enquiry powers applicable to promoters (under FA 2004, s 313A, see A7.241) are extended to introducers.

Where HMRC believe that a person is acting as an introducer for a notifiable scheme which has not been disclosed, they may issue a written notice to the introducer requiring him to supply prescribed information about those with whom they have made a marketing contact. Penalties are payable for failure to

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