HMRC have introduced new measures regarding the system of identifying users of disclosed tax avoidance schemes.

The new measures close gaps that inhibited the transmission of the Scheme Reference Number (SRN) from the promoter back to HMRC by:

• clarifying the time when a promoter is required to pass an SRN onto his client
• introducing new obligations for co-promoters and intermediaries

These amendments will come into effect on 1 November 2008.

These regulations prescribe information and time limits and exempt employment schemes from duties under new section 312A. The NICs regulations are also being updated to apply information powers introduced in Finance Act 2007 and the 2008 changes. These will be made and laid before both Houses in October and come into force on 1 November 2008. Updated guidance to encompass these changes will be published over the coming weeks.

Full details are available at http://www.hmrc.gov.uk/avoidance/index.htm