On 29 January 2015, HMRC published a consultation document entitled Strengthening sanctions for tax avoidance. It is proposed that:

  • the General Anti-Abuse Rule (GAAR) be made subject to a specific penalties regime
  • a new threshold be introduced to the Promoters of Tax Avoidance Scheme Rules (POTAS) which will be satisfied if a significant proportion of schemes which the promoter notifies under the Disclosure of Tax Avoidance Schemes rules are found by the tribunals and courts to result in the users of such schemes facing increased tax liabilities to those claimed
  • new measures be introduced to target serial tax avoiders, including the introduction of a “special measures” regime for such taxpayers, which would include requirements to comply with conduct or stop notices, restricting access to reliefs, and the publishing of the names of serial avoiders.

Responses to the consultation document are sought by 12 March 2015.

To access the consultation document click here.