SCHEDULES
SCHEDULE 30

Amendments of Part 5 of FA 2014
PART 4

Miscellaneous amendments

Threshold conditions
29
1
Paragraph 5 (non-compliance with Part 7 of FA 2004) is amended in accordance with sub-paragraphs (2) to (7).
2
In the heading, for “Part 7 of FA 2004” substitute “ avoidance disclosure requirements ”.
3
Before sub-paragraph (1) insert—
A1
A person meets this condition if the person fails to comply with any of the following provisions of—
a
Part 7 of FA 2004 (disclosure of tax avoidance schemes);
b
Schedule 17 to F(No. 2)A 2017 (disclosure of tax avoidance schemes: VAT and other indirect taxes).
4
In sub-paragraph (1)—
a
for the words before paragraph (a) substitute “ The provisions of Part 7 of FA 2004 are— ”;
b
after paragraph (c) insert—
ca
section 310C (duty of promoter to provide updated information);
cb
section 312(2) (duty of promoter to notify client of reference number);
;
c
after paragraph (d) insert—
e
section 316A (duty to provide additional information).
5
After sub-paragraph (1) insert—
1A
The provisions of Schedule 17 to F(No.2)A 2017 are—
a
paragraph 11(1) (duty of promoter in relation to notifiable proposals);
b
paragraph 21(3) (duty of promoter to provide updated information);
c
paragraph 23(2) (duty of promoter to notify client of reference number);
d
paragraph 27(3) (duty of promoter to provide details of clients);
e
paragraph 33 (duty to provide additional information).
6
In sub-paragraph (2)—
a
for “sub-paragraph (1)” substitute “ sub-paragraphs (1) and (1A) ”;
b
for “that sub-paragraph” substitute “ any of those sub-paragraphs ”.
7
In sub-paragraph (4), after “TMA 1970” insert “ or paragraph 48 of Schedule 17 to F(No.2)A 2017 ”.