On 12 February 2015, HMRC published a revised version of its POTAS guidance.

Whilst the amendments largely reflect changes to numbering (following the enactment of the Finance Act 2014), a number of substantive changes have been made. These include amendments to the tax impact test (paragraph 2.2) and removing prescribed wording which needed to be used when issuing a monitoring notice (paragraph 3.4).

To access the revised guidance click here.