Released 09 September 2021
SI 2021/1010 amends the Promoters of Tax Avoidance Schemes (Prescribed Circumstances under Section 235) Regulations 2015 (SI 2015/130) ('the principal Regulations') which prescribe circumstances in which a person is not to be treated as a promoter in relation to tax avoidance schemes for the purposes of Finance Act 2014, Pt. 5.
A Tax Information and Impact Note (TIIN) covering this instrument was published on 21 July 2020 alongside the Finance Bill 2021 and is available on GOV.UK at https://www.gov.uk/government/publications/new-proposals-for-tackling-promoters-and-enablers-of-tax-avoidance-schemes. It remains an accurate summary of the impacts that apply to this instrument.
The regulations come into force on 30 September 2021.