Pinsent Masons: Promoters of tax avoidance schemes suspected by HM Revenue and Customs (HMRC) of being abusive could face fines of up to £1 million for not disclosing to clients that they are under investigation under draft legislation which has been published for consultation.
Full story: http://www.out-law.com/en/articles/2014/july/hmrc-consulting-on-sudden-and-unprecedented-escalation-of-sanctions-against-tax-avoidance-scheme-promoters/?