The U.K HMRC has published guidance on the rules aimed and deterring promoters of tax avoidance schemes, which are included in Part 5 of the Finance Act 2014. The guidance's covers: The definitions of promoters, intermediaries, clients and avoidance arrangements Threshold conditions for HMRC actions Information disclosure requirements and other obligations that may be imposed on promoters, intermediaries and clients Information powers of HMRC and restrictions Maximum penalties for compliance failures, which range from £5,000 to £1,000,000 Other matters and examples Click the following link for the full guidance on Promoters of Tax Avoidance Schemes Also recently published are new...