Finance (No. 2) Act 2017 (c. 32)

SCHEDULES

SCHEDULE 16 U.K. Penalties for enablers of defeated tax avoidance

PART 12 U.K. General

Meaning of “tax advantage” U.K.

55 U.K. In this Schedule “tax advantage” includes—

(a) relief or increased relief from tax,

(b) repayment or increased repayment of tax,

(c) receipt, or advancement of a receipt, of a tax credit,

(d) avoidance or reduction of a charge to tax, an assessment of tax or a liability to pay tax,

(e) avoidance of a possible assessment to tax or liability to pay tax,

(f) deferral of a payment of tax or advancement of a repayment of tax, and

(g) avoidance of an obligation to deduct or account for tax.