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SCHEDULE 4Other measures in response to coronavirus

PART 12Restriction on giving grant to businesses connected to tax havens

16(1)Before providing a coronavirus-related grant to a person, the Scottish Ministers must take steps to satisfy themselves about whether or not sub-paragraph (4) applies to the person.

(2)If, having taken those steps, the Scottish Ministers are satisfied that sub-paragraph (4) applies to the person, they are not to provide the grant.

(3)The Scottish Ministers must frame the terms of coronavirus-related grants so that they are entitled to repayment of a grant if they ascertain, after providing it (wholly or partly), that the person to whom the grant was provided—

(a)was a person that sub-paragraph (4) applied to at the time the Ministers decided to provide the grant, or

(b)knowingly provided false or misleading information in applying for the grant.

(4)This sub-paragraph applies to a person that—

(a)is based in a tax haven,

(b)is the subsidiary of a person based in a tax haven,

(c)has a subsidiary based in a tax haven,

(d)is party to an arrangement under which any of its profits are subject to the tax regime of a tax haven.

(5)For the purposes of this paragraph, a person is based in a tax haven if the person is incorporated or otherwise established under the law of a tax haven.

(6)Sub-paragraphs (1) to (3) do not apply in relation to a grant if the application for it was received by the Scottish Ministers before the date on which this paragraph comes into force.

(7)In this paragraph—