Promoters of tax avoidance schemes are required to notify HMRC using form AAG1 if their arrangements fall within the definition of notifiable arrangements. This disclosure requirement applies to those who design, market, or implement avoidance schemes and ensures HMRC has visibility of potentially aggressive tax planning strategies. The notification must be submitted in accordance with HMRC’s rules on disclosable tax avoidance schemes.
Source: HMRC (GOV.UK) – Read the original