A person who is subject to a monitoring notice is called a monitored promoter. Monitored promoters are subject to a strict monitoring and compliance regime. HMRC will publish1 the name of a person who is subject to a monitoring notice the information published includes details of how the conduct notice was breached. The promoter is also required to notify their clients of that they are a monitored promoter2.
HMRC has wide information powers that can be used to check whether the person is adhering to the requirements specified in the monitoring notice.
If a person fails to adhere to the requirements specified in the monitoring notice, a penalty can be applied see V5.212F.
Becoming a monitored person can result in the promoter's business being severely impacted. See Simon's Taxes at A7.308 for more information on the potential impact.
Monitoring notices
HMRC must apply to the tribunal for approval to give a person a monitoring notice where that person is the subject of a conduct notice (see V5.212D)
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Web page updated on 17 Mar 2025 14:55