Promoter Legislation

The Promoters of Tax Avoidance Schemes (POTAS) legislation was introduced to the UK by way of the Finance Act 2014. POTAS gives the HMRC the power to issue Conduct Notices to compel promoters to change their behaviour and to identify 'high risk' promoters. Where promoters do not comply with the terms of a Conduct Notice, a Monitoring Notice can be issued, which will mean the promoter will be publicly named by HMRC and will be forced to inform their clients that they are being monitored. If they fail to comply with the conditions of the Monitoring Notice the HMRC has the power to issue fines of up to £1 million.

Bright Line Law is highly regarded as a specialist provider, winning the Financial Times Innovative Lawyers of 2017 award, as well as being Top Ranked within the UK Bar Chambers for 2018 and 2019. Bright Line Law is a specialist provider in this area, contact a member of our team, call us on + 44 (0)203 709 9470, or fill in our online enquiry form.

Jonathan Fisher QC
Lead Counsel

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