Tax Avoidance
Tax avoidance schemes12
1
A scheme is not an excluded scheme if the scheme is, or forms part of, a notifiable arrangement, or involves a notifiable proposal, in relation to which a member of the worldwide group is under a duty to provide HMRC with information under Part 7 of the Finance Act 20047 (disclosure of tax avoidance schemes).
2
In paragraph (1), “notifiable arrangement” and “notifiable proposal” have the meanings given by section 306 of the Finance Act 2004;