SCHEDULES

SCHEDULE 31Disclosure of tax avoidance schemes

PART 2Amendments of Schedule 17 to F(No.2)A 2017

27

1

Paragraph 24 (duty of client to notify parties of reference number) is amended as follows.

2

In sub-paragraph (1)—

a

omit “who is a promoter in relation to notifiable arrangements or a notifiable proposal”;

b

for “the arrangements or proposal” substitute “ arrangements or a proposal ”.

3

For sub-paragraph (2) substitute—

2

Sub-paragraph (3) applies where—

a

the client receives prescribed information under paragraph 23 relating to the reference number allocated to—

i

the arrangements or proposed arrangements, or

ii

any arrangements substantially the same as the arrangements or proposed arrangements; or

b

the client receives prescribed information under paragraph 23A relating to the reference number allocated to—

i

the arrangements or proposed arrangements, or

ii

any arrangements substantially the same as the arrangements or proposed arrangements.

4

In sub-paragraph (4)(a), for “notifiable arrangements or proposed notifiable arrangements” substitute “ the arrangements or proposed arrangements ”.

5

In sub-paragraph (4)(b), for “by the promoter under paragraph 23” substitute “ under paragraph 23 or (as the case may be) paragraph 23A ”.

6

In sub-paragraph (5), for “notifiable arrangements or a notifiable proposal” substitute “ arrangements or a proposal ”.