SCHEDULES
SCHEDULE 36Promoters of tax avoidance schemes: partnerships
PART 2Conduct notices and monitoring notices
Persons leaving a partnership: monitoring notices
9
1
Sub-paragraphs (2) and (3) apply where—
a
a person (“P”) who was a controlling member of a partnership at the time when a monitoring notice was given to the partnership has ceased to be a member of the partnership,
b
the monitoring notice had effect in relation to the partnership at the time of that cessation, and
c
P is carrying on a business as a promoter.
2
An authorised officer may give P a monitoring notice.
3
If P is carrying on a business as a promoter in partnership with one or more other persons, and is a controlling member of that partnership (“the new partnership”), an authorised officer may give a monitoring notice to the new partnership.
4
A monitoring notice given under sub-paragraph (3) ceases to have effect if P ceases to be a member of the new partnership.