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PART 4Other provisions

Anti-avoidance

117Disclosure of tax avoidance schemes

Schedule 17 contains amendments relating to the disclosure of tax avoidance schemes.

118Accelerated payments and group relief

Schedule 18 contains provision about the relationship between accelerated payments and group relief.

119Promoters of tax avoidance schemes

Schedule 19 contains provision about promoters of tax avoidance schemes.

120Penalties in connection with offshore matters and offshore transfers

(1)Schedule 20 contains provisions amending—

(a)Schedule 24 to FA 2007 (penalties for errors),

(b)Schedule 41 to FA 2008 (penalties for failure to notify), and

(c)Schedule 55 to FA 2009 (penalties for failure to make returns etc).

(2)That Schedule comes into force on such day as the Treasury may by order appoint.

(3)An order under subsection (2)—

(a)may commence a provision generally or only for specified purposes, and

(b)may appoint different days for different provisions or for different purposes.

(4)The power to make an order under this section is exercisable by statutory instrument.

121Penalties in connection with offshore asset moves

Schedule 21 contains provision for imposing an additional penalty in cases where—

(a)a person is liable for a penalty for a failure to comply with an obligation or provide a document, or for providing an inaccurate document, relating to income tax, capital gains tax or inheritance tax, and

(b)there is a related transfer of, or change in the ownership arrangements for, an asset situated or held outside the United Kingdom.