PART 10

Tax avoidance and evasion

Tackling frequent avoidance

Large businesses: tax strategies and sanctions for persistently unco-operative behaviour
161
1
Schedule 19 contains provisions relating to—
a
the publication of tax strategies by bodies which are or are part of a large business,
b
the imposition of sanctions for such bodies where there has been persistent unco-operative behaviour.
2
That Schedule, so far as relating to the publication of a tax strategy for a financial year of a relevant body or other entity, has effect only where the financial year begins on or after the day on which this Act is passed.
3
An officer of HMRC may not give a warning notice under Part 3 of that Schedule to a relevant body or other entity before the beginning of its first financial year beginning on or after the day on which this Act is passed.
4
In this section and Schedule 19 “HMRC” means Her Majesty’s Revenue and Customs.