So I have received a notice of assessment under s29 of the TMA 1970 for the 2012-13 tax year requesting payment by 20 April 2017. My scheme promoter has written back appealing the assessment saying - There are no grounds for raising an assessment; That HMRC have not made any discovery, hence assessment in invalid and the assessment not in line with information provided to HMRC. HMRC have acknowledged the appeal and to cover my self, I have taken out a Certificate of Deposit.
Can anyone advise on likely next steps in this scenario, what are the next steps for HMRC? My scheme promoter has stated to that it is willing to fight this and defend the arrangements in court if necessary and that they have never marketed this as an avoidance scheme but I won't be taking their word literally. I am just keen to understand the likely next steps from HMRC after sending in the appeal.