On 17 June 2014, the Public Bill Committee debated and agreed various clauses of and Schedules to the Finance Bill 2014.
On 19 June 2014, the Bill was republished (as amended by the Public Bill Committee). Provisions debated and agreed by the Public Bill Committee included:
- clauses 192 to 211 and Schedules 26, 27 and 29, regarding follower notices;
- clauses 212 to 226 and Schedule 28, regarding accelerated payment notices; and
- clauses 227 to 276 and Schedules 30 to 32, regarding the high-risk promoters regime.
HMRC is in the process of preparing draft guidance on follower notices, which will be finalised and published prior to Royal Assent. Also, before Royal Assent, HMRC has said that it will publish a list of DOTAS reference numbers to identify which schemes in relation to which it intends to issue accelerated payment notices.
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