A7.332 Serial tax avoidance—compliance with warning noticesA person who has been given a warning notice (including an associated person) must give HMRC a written information notice for each reporting period within the warning period. The notice must be given within 30 days of the end of the reporting period to which it relates1. The first reporting period commences on the first day of the warning period, and ends on a day specified by HMRC. The subsequent period commences on the following day and lasts for 12 months. Further reporting periods follow the same cycle, with final reporting period ending at the end of the warning period2.ExampleHMRC give a warning notice on 31 March 2020, and specify that the first warning period runs until 31 December 2020. The person's reporting periods are as follows:Period 1: 1.4.20–31.12.20Period 2: 1.1.21–31.12.21Period 3: 1.1.22–31.12.22Period
A person who has been given a warning notice (including an associated person) must give HMRC a written information notice for each reporting period within the warning period. The notice must be given within 30 days of the end of the reporting period to which it relates1. The first reporting period commences on the first day of the warning period, and ends on a day specified by HMRC. The subsequent period commences on the following day and lasts for 12 months. Further reporting periods follow the same cycle, with final reporting period ending at the end of the warning period2.
HMRC give a warning notice on 31 March 2020, and specify that the first warning period runs until 31 December 2020. The person's reporting periods are as follows:
Period 1: 1.4.20–31.12.20
Period 2: 1.1.21–31.12.21
Period 3: 1.1.22–31.12.22
Period
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.