SCHEDULES

SCHEDULE 17Disclosure of tax avoidance schemes

Identifying scheme users

12

1

Section 313C of FA 2004 (information provided to introducers) is amended as follows.

2

For subsection (1) substitute—

1

This section applies where HMRC suspect—

a

that a person (“P”) is an introducer in relation to a proposal, and

b

that the proposal may be notifiable.

1A

HMRC may by written notice require P to provide HMRC with one or both of the following—

a

prescribed information in relation to each person who has provided P with any information relating to the proposal;

b

prescribed information in relation to each person with whom P has made a marketing contact in relation to the proposal.

3

In subsection (3), for “or by virtue of subsection (1)” substitute “ subsection (1A) ”.

4

For the heading substitute “ Provision of information to HMRC by introducers ”.

13

In section 98C of TMA 1970 (notification under Part 7 of FA 2004: penalties), in subsection (2)(f) after “information” insert “ or have been provided with information ”.