SCHEDULES
SCHEDULE 17Disclosure of tax avoidance schemes: VAT and other indirect taxes
PART 1Duties to disclose avoidance schemes etc
31Provision of information to HMRC by introducers
1
This paragraph 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.
2
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
A notice must specify the proposal to which it relates.
4
P must comply with a requirement under or sub-paragraph(2) within—
a
the relevant period, or
b
such longer period as HMRC may direct.
5
In sub-paragraph (4) “the relevant period” is the period of 11 days beginning with the day on which the notice under sub-paragraph (2) is given.