In the latest of their “Top 10” series, HMRC have issued a list of ‘10 things a tax avoidance scheme promoter won’t always tell you’. The list doesn’t quite have the same light hearted overtone as previous “Top 10” releases and is clearly designed to set out the risks that people face when they sign up to a tax avoidance scheme.

These include not only the possible monetary costs and reputational damage of tax avoidance, but also a potential criminal conviction.

This list is being published as HMRC writes to the first promoters who will be caught by new High-Risk Promoters rules under which such promoters can be named publically and fines imposed.