SCHEDULES
SCHEDULE 1Bank payroll tax
Part 1The tax
Anti-avoidance
14
1
This paragraph applies where—
a
relevant arrangements are entered into by one or more persons during the chargeable period, and
b
the main purpose, or one of the main purposes, of the person, or any of the persons, in entering into the relevant arrangements is a relevant tax avoidance purpose.
2
“Relevant arrangements” means arrangements involving either or both of the following—
a
the making of a payment of money, or the provision of any money's worth or other benefit, otherwise than during the chargeable period, and
b
the giving otherwise than in the form of relevant remuneration of any reward which equates in substance to relevant remuneration.
3
A “relevant tax avoidance purpose” is the reduction or elimination of a liability to bank payroll tax which would exist if—
a
in a case within paragraph (a) of sub-paragraph (2), the money were paid, or the money's worth or other benefit provided, during the chargeable period, or
b
in a case within paragraph (b) of that sub-paragraph, the reward were given in the form of relevant remuneration.
4
Liability to bank payroll tax is to be determined as it would have been if—
a
in a case within paragraph (a) of sub-paragraph (2), the money were paid, or the money's worth or other benefit provided, during the chargeable period, or
b
in a case within paragraph (b) of that sub-paragraph, the reward were given in the form of relevant remuneration.