For an overview of the promoters of tax avoidance schemes (POTAS) regime, refer to V5.212A.
A person who fails to comply with a duty or requirement under the POTAS regime is liable to a penalty under FA 2014, Sch 35, except if the failure results in the person being convicted of a criminal offence1.
The table below provides a summary of duties and requirement under the POTAS regime and includes a link to the legislation setting out each duty or requirement. A table referring to the maximum penalty that can apply under FA 2014, Sch 35 in relation to each duty or requirement is included in FA 2014, Sch 35, para 2.
| Duty or requirement | Legislation setting out the duty or requirement | Legislation that includes a table referring to the maximum penalty that can apply under FA 2014, Sch 35 |
| Duty not to engage in the promotion of arrangements or proposal of a description specified in a stop notice. | FA |
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 14:24