29(1)Paragraph 5 (non-compliance with Part 7 of FA 2004) is amended in accordance with sub-paragraphs (2) to (7).U.K.
(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 ”.