PART 2Provisions corresponding to Part 7 of the Finance Act 2004

Application of Part 25

1

This Part applies to—

a

notifiable contribution arrangements; and

b

notifiable contribution proposals

which fall within any description prescribed by the Descriptions Regulations.

2

The Table below shows which of the following regulations corresponds to which provision of Part 7.

Section within Part 7

Corresponding provision of these Regulations

Section 306 (meaning of “notifiable arrangements” and “notifiable proposal”)

Regulation 5

Section 306A (doubt as to notifiability)

Regulation 6

Section 307 (meaning of promoter)

Regulation 7

Section 308 (duties of promoter)

Regulation 8

Section 308A (supplemental information)

Regulation 9

Section 309 (duty of person dealing with promoter outside the United Kingdom)

Regulation 10

Section 310 (duty of parties to notifiable arrangements not involving promoter)

Regulation 11

Section 311 (arrangements to be given reference number)

Regulation 12

Section 312 (duty of promoter to notify client of number)

Regulation 13

Section 312A (duty of client to notify parties of number)

Regulation 14

Section 313 (duty of parties to notifiable arrangements to notify Board of number etc)

Regulation 15

Section 313ZA (duty of promoter to provide details of clients)

Regulation 16

Section 313A (pre-disclosure enquiry)

Regulation 17

Section 313B (reasons for non-disclosure: supporting information)

Regulation 18

Section 313C (information provided to introducers)

Regulation 19

Section 314A (order to disclose)

Regulation 20

Section 316 (information to be provided in form and manner specified by Board)

Regulation 21