Part 7Disclosure of tax avoidance schemes

F1305AIntroduction

(1)

This Part makes provision about the disclosure of information in relation to arrangements, or proposed arrangements, that enable, or might be expected to enable, a person to obtain a tax advantage.

(2)

Among other things, this Part—

(a)

imposes duties to provide information to HMRC (and others);

(b)

allows HMRC to allocate reference numbers in relation to arrangements and proposed arrangements (in cases where the disclosure duties have been complied with and in other cases);

(c)

makes provision about publication of information about arrangements and proposed arrangements, and persons involved in their supply;

(d)

makes provision about penalties.