SCHEDULES

SCHEDULE 17Disclosure of tax avoidance schemes: VAT and other indirect taxes

PART 1Duties to disclose avoidance schemes etc

17Duty of person dealing with promoter outside United Kingdom

1

This paragraph applies where a person enters into any transaction forming part of any notifiable arrangements in relation to which—

a

a promoter is resident outside the United Kingdom, and

b

no promoter is resident in the United Kingdom.

2

The person must, within the relevant period, provide HMRC with prescribed information relating to the arrangements.

3

In sub-paragraph (2) “the relevant period” is the period of 6 days beginning with the day on which the person enters into the first transaction forming part of the arrangements.

4

Compliance with paragraph 11(1) or 12(1) by any promoter in relation to the arrangements discharges the person’s duty under sub-paragraph (1).