Meeting points

Date: Autumn 2015

Location: London Manchester Birmingham and Cardiff

Reported by: OneE

Speakers

Dominic Slattery: managing director OneE Group

Tom Moore: director Grant Thornton UK LLP

Ben Elliott: barrister Pump Court Tax Chambers

Adam Owens: senior tax adviser OneE Group

Despite going relatively unnoticed at its unveiling the promoters of tax avoidance schemes (POTAS) legislation in FA 2014 Part 5 and other regulations is hugely significant not just for promoters but for accountants and their clients. The subject was discussed at a series of nationwide seminars.

Caution and clarity

First announced in August 2013 and ratified in FA 2014  POTAS targets the aggressive minority of promoters. However with three subsequent regulations enacted to support the regime even the most seasoned accountants are worried about the ambiguous lie of the land under POTAS. How will HMRC implement this new...