Finance Act 2016

1 In this Schedule—

(a) Part 2 provides for HMRC to give warning notices to persons who incur relevant defeats and includes—

(i) provision about the duration of warning periods under warning notices (see paragraph 3), and

(ii) definitions of “relevant defeat” and other key terms;

(b) Part 3 contains provisions about persons to whom a warning notice has been given, and in particular—

(i) imposes a duty to give information notices, and

(ii) allows the Commissioners to publish information about such persons in certain cases involving repeated relevant defeats;

(c) Part 4 contains provision about the restriction of reliefs;

(d) Part 5 imposes liability to penalties on persons who incur relevant defeats in relation to arrangements used in warning periods;

(e) Part 6 contains provisions about corporate groups, associated persons and partnerships;

(f) Part 7 contains definitions and other supplementary provisions.