SCHEDULES

SCHEDULE 16Penalties for enablers of defeated tax avoidance

PART 12General

Meaning of “tax”

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1

In this Schedule “tax” includes any of the following taxes—

a

income tax,

b

corporation tax, including any amount chargeable as if it were corporation tax or treated as if it were corporation tax,

c

capital gains tax,

d

petroleum revenue tax,

e

diverted profits tax,

f

apprenticeship levy,

g

inheritance tax,

h

stamp duty land tax, and

i

annual tax on enveloped dwellings,

and also includes national insurance contributions.

2

The Treasury may by regulations amend sub-paragraph (1) so as to—

a

add a tax to the list of taxes for the time being set out in that sub-paragraph;

b

remove a tax for the time being set out in that sub-paragraph;

c

remove the reference to national insurance contributions;

d

substitute for that reference a reference to national insurance contributions of a particular class or classes;

e

where provision has been made under paragraph (d)—

i

add a class or classes of national insurance contributions to those for the time being specified in that sub-paragraph;

ii

remove a class or classes of national insurance contributions for the time being so specified.

3

Regulations under this paragraph may—

a

make supplementary, incidental, and consequential provision, including provision amending or repealing any provision of this Schedule;

b

make transitional provision.