Why every tax professional needs to understand the New Promoter Penalty Rules (PPR) from 1 July 2024

The existing Promoter Penalty Rules (PPR) already impose substantial civil penalties, albeit in relevantly limited circumstances.  With a significant increase in commonplace advisory issues which may potentially trigger application of the new PPR from 1 July 2024 (in addition to significantly increased civil penalty and other consequences) recently introduced final legislation will result in the PPR becoming a far more important risk to be managed by anyone involved in tax (whether in a professional services, in-house advisory or even in a tax education/information capacity).

Click to read more about the Proposed new Promoter Penalty Rules (PPR)