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Changes over time for: Section 65
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 01/10/2021.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 2020, Section 65.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
65Anti-avoidanceU.K.
(1)Any tax advantage that would (apart from this section) arise from relevant avoidance arrangements is to be counteracted by the making of such adjustments as are just and reasonable.
(2)The adjustments (whether or not made by an officer of Revenue and Customs) may be made by way of an assessment, the modification of an assessment, amendment or disallowance of a claim, or otherwise.
(3)Arrangements are “relevant avoidance arrangements” if their main purpose, or one of their main purposes, is to enable a person to obtain a tax advantage.
(4)But arrangements are not “relevant avoidance arrangements” if the obtaining of any tax advantage that would (apart from this section) arise from them can reasonably be regarded as consistent with—
(a)any principles on which the provisions of this Part that are relevant to the arrangements are based (whether express or implied), and
(b)the policy objectives of those provisions.
(5)In this section—
“arrangements” include any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable);
“tax” means digital services tax (and “tax advantage” is to be construed accordingly);
“tax advantage” includes—
(a)
avoidance or reduction of a charge to tax or an assessment to tax,
(b)
repayment or increased repayment of tax,
(c)
avoidance of a possible assessment to tax, and
(d)
deferral of a payment of tax or advancement of a repayment of tax.
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