On 15 October 2026, HMRC published a comprehensive factsheet detailing the promoter penalty regime under FA 2014, Schedule 16. The guidance explains penalties for designing, marketing, or facilitating tax avoidance schemes, including the new ‘enabler’ penalties introduced in 2022. It clarifies the distinction between promoters, enablers, and users, and outlines defence provisions.
Key Takeaways
- Enabler Penalties Expanded: Advisers who provide ‘material aid’ to schemes face penalties up to 100% of fees earned.
- Reasonable Care Defence: Promoters can avoid penalties if they took reasonable care to comply with disclosure rules.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement