Under the Promoters of Tax Avoidance Schemes (POTAS) regime, HMRC can publish information about promoters of tax avoidance schemes that are subject to a stop notice, and details of the scheme specified in the notice.
New stop notices 6 through 11!
The most recent update was on 13th April 2023 with the addition of another 6 Stop Notices numbered 6 to 11.
This list is not a complete list of all tax avoidance schemes currently being marketed. If a tax avoidance scheme is not shown in the list, this does not mean that the scheme works or is in any way approved by HMRC.
These schemes often work on a basis of the individual becoming an employee of a company and receiving National Minimum Wage with some additional payment which is not being subjected to tax and NI such as access to an advance or loan, provision of shares or special commission allocation.
For specific details see:
If you’re involved in a tax avoidance scheme
If you are involved in any of the tax avoidance schemes and are not already talking to HMRC about your tax position, you should contact HMRC as soon as possible. There is more information about how to do this. You can also report a tax avoidance scheme to HMRC.
Stop notices are one of the ways in which HMRC tackle tax avoidance and those responsible for promoting them.
The main aim is to reduce the number of tax avoidance schemes that are being marketed. This makes it harder for people to get caught up in them.
When HMRC issues a stop notice to a promoter, it means:
- the promoter who receives the notice must stop selling the specified scheme
- the promoter who receives the notice must also pass a copy of it to certain associated persons, who are also subject to the stop notice and must also stop selling the specified scheme
- all those persons subject to the notice must inform HMRC of all the people they have promoted the scheme to and any they continue to promote it to
- the persons subject to the stop notice must inform all clients and intermediaries that they are subject to a stop notice, what this means, and provide them with a copy of the stop notice
If a promoter fails to comply with a stop notice they can face penalties of up to £100,000 which can increase to up to £1 million in certain circumstances.