On 12 August 2013, HMRC launched a new consultation document: Raising the stakes on tax avoidance.

The consultation relates to two main proposals: first, a new regime for "High-Risk Promoters", with implications for intermediaries and clients; and second, a proposal targeting taxpayers who fail to settle with HMRC when HMRC consider that the legal issues in their appeal have been resolved by the courts.

The objective of the new proposals is stated as being to "make it significantly harder to market avoidance in the first place".

The closing dates for comments is 4 October 2013.

To view the consultation document click here.