HMRC consult on new powers under the tax avoidance disclosure regime. By Nichola Ross Martin

Following an announcement in the Pre Budget Report, HMRC have issued a consultation document to consider proposals to grant them new powers under the tax avoidance scheme disclosure regime.

At present they have no power to enquire into the failure to disclose a scheme, and whilst many scheme promoters are complying with the new disclosure rules, a small number are not.

The consultation is intended to ensure that the proposed information power will be "a proportionate and targeted response to any non-compliance encountered". The power would be exercised via the Special Commissioners.

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