{"id":54856,"date":"2015-03-07T10:00:17","date_gmt":"2015-03-07T10:00:17","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=a85f7ed0d4f29fa94126e7c9b30d670c"},"modified":"2015-03-07T10:00:17","modified_gmt":"2015-03-07T10:00:17","slug":"news-story-high-risk-promoters-of-tax-avoidance-face-government-clampdown","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=54856","title":{"rendered":"News story: High risk promoters of tax avoidance face government clampdown"},"content":{"rendered":"<div class=\"govspeak\">\n<p>Under <a rel=\"external\" href=\"http:\/\/www.legislation.gov.uk\/uksi\/2015\/549\/introduction\/made\">new rules<\/a> introduced by the Financial Secretary to the Treasury, David Gauke, high risk promoters must now publicise the fact that they are being monitored by HM Revenue and Customs (<abbr title=\"HM Revenue and Customs\">HMRC<\/abbr>), so that potential customers are aware of the risks of using them.  <\/p>\n<p>Tax avoidance promoters commonly market schemes which overwhelmingly do not work. Laws introduced last summer allow <abbr title=\"HM Revenue and Customs\">HMRC<\/abbr> to issue these promoters identified as \u2018high risk\u2019 with Conduct Notices requiring them to change their behaviour.  <\/p>\n<p>The new rules mean if a promoter does not comply with the terms of a Conduct Notice they can be issued with a tougher \u2018Monitoring Notice\u2019, which, among other things, will mean the promoter will be publicly named by <abbr title=\"HM Revenue and Customs\">HMRC<\/abbr>; and will have to tell their clients that they are being monitored. If they fail to comply with the conditions of the Monitoring Notice they could face fines of up to \u00a31 million. <\/p>\n<p>Financial Secretary to the Treasury, David Gauke, said:<\/p>\n<blockquote>\n<p>The government has taken unprecedented steps to clamp down on tax avoidance.<\/p>\n<p class=\"last-child\">Our tough new rules will force high risk promoters to change their behaviour and help protect taxpayers from unscrupulous advice. Promoters who do not change their ways should be in no doubt \u2013 <abbr title=\"HM Revenue and Customs\">HMRC<\/abbr> is taking swift and decisive action to use these new rules.<\/p>\n<\/blockquote>\n<p><abbr title=\"HM Revenue and Customs\">HMRC<\/abbr> has already written to a number of promoters warning them of the consequences if they don\u2019t change their behaviour, and has also sent the first Conduct Notice, which requires a promoter to change its ways.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Today the government is taking further tough action to crack down on tax avoidance promoters.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/54856"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54856"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/54856\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}