HMRC has the power to stop persons promoting certain arrangements that may give rise to a tax advantage. HMRC can also require such persons to maintain certain conduct and monitor them if they fail to do so. This is known as the promoters of tax avoidance scheme (POTAS) regime. For an overview of the regime, see A7.301. For the key definitions, see A7.301A.
This article considers the issue of a conduct notice where promoter has been promoted defeated schemes. For the contents of a conduct notice, see A7.303.
Conduct notices for defeated arrangements
With effect from 15 September 2016, an authorised HMRC officer may issue a conduct notice to a person where1:
- Ìý
•ÌýÌýÌýÌý the person is 'carrying on a business as a promoter' (see A7.301A)
- Ìý
•ÌýÌýÌýÌý the officer becomes aware that the person meets any of the below conditions (except where a conduct notice (see A7.303) or monitoring notice (see A7.307) is already in effect), and
- Ìý
•ÌýÌýÌýÌý the officer determines that the person's meeting of
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