HMRC sets out details for promoters of tax avoidance schemes and disguised remuneration schemes
On 13 April 2023 HMRC published the details of six more tax avoidance schemes that are subject to a stop notice on GOV.UK. Details published include stop notices 6 to 11.
Earlier, on 11 April 2023, HMRC issued a briefing updating the latest information to help individuals settle their disguised remuneration liabilities on the use and/or paying the loan charge, including an update to the reference year used for determining automatic eligibility to pay by instalments.
Stop notices
Stop notices are one of the ways in which HMRC tackle tax avoidance and those responsible for promoting it.
The main aim of issuing stop notices 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:
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 £1m in certain circumstances.