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 when HMRC effect of a monitoring notice on a promoter. For commentary on monitoring notices, see A7.307.
Monitored promoters
A person subject to a monitoring notice (see A7.307) is called a 'monitored promoter'1.
Monitored promoters are subject to a strict monitoring and compliance regime. Names of promoters subject to a monitoring notice may be published by HMRC, including details of how the conduct notice was breached, and the promoter is required to notify their monitored status to clients2.
A monitored promoter must inform HMRC of their current address within 30 days of the end of each calendar quarter for the period that the monitoring notice
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 16:30