SCHEDULES

[F1 SCHEDULE 34A U.K.Promoters of tax avoidance schemes: defeated arrangements

Textual Amendments

F1 Sch. 34A inserted (15.9.2016) by Finance Act 2016 (c. 24), s. 160(5)

PART 4 U.K.Meeting section 237A conditions: bodies corporate and partnerships

Treating persons in control of others as meeting section 237A condition U.K.

21 (1) A person other than an individual is treated as meeting a section 237A condition at the section 237A(2) relevant time if— U.K.

(a) a relevant body (“A”) met the condition at a time when A was controlled by the person, and

(b) at the time mentioned in paragraph (a) A, or another relevant body (“B”) which was also at that time controlled by the person, carried on a business as a promoter.

(2) For the purposes of determining whether the requirements of sub-paragraph (1) are met it does not matter whether A or B (or neither) exists at the section 237A(2) relevant time.]