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 a barrister law firm led by Jonathan Fisher QC who has previously been involved in advising on the use of, and regulatory investigation of film industry, and offshore tax schemes. We have also been instructed to represent clients in criminal and civil litigation initiated by HMRC. Bright Line Law provides specialist advisory, advocacy, litigation, policy and strategic services. If you require specialist advice on tax, contact Jonathan Fisher QC directly at jf@brightlinelaw.co.uk or another member of our team or telephone us on + 44 (0)203 709 9470.

Jonathan Fisher QC
Lead Counsel

Email jf@brightlinelaw.co.uk
Telephone + 020 3872 2852

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