Part 7Disclosure of tax avoidance schemes
311Arrangements to be given reference number
(1)
Where a person complies with section 308(1) or (3), 309(1) or 310 in relation to any notifiable proposal or notifiable arrangements, the Board may within 30 days—
(a)
allocate a reference number to the notifiable arrangements or, in the case of a notifiable proposal, to the proposed notifiable arrangements, and
(b)
if it does so, notify the person of that number.
(2)
The allocation of a reference number to any notifiable arrangements (or proposed notifiable arrangements) is not to be regarded as constituting any indication by the Board that the arrangements could as a matter of law result in the obtaining by any person of a tax advantage.
(3)
In this Part “reference number”, in relation to any notifiable arrangements, means the reference number allocated under this section.