OrbitaxU.K Publishes Guidance on Promoters of Tax Avoidance Schemes and Introduces New Regulations on When a Company is Not to be treated as a Promoter
|Approved Changes|United Kingdom
The U.K HMRC has published guidance on the rules aimed and deterring promoters of tax avoidance schemes, which are included in Part 5 of the Finance Act 2014. The guidance's covers:
- The definitions of promoters, intermediaries, clients and avoidance arrangements
- Threshold conditions for HMRC actions
- Information disclosure requirements and other obligations that may be imposed on promoters, int…
