SCHEDULE 1Disclosure of value added tax avoidance schemes
Duty to notify Commissioners
5
(1)
Paragraph 6 (duty to notify Commissioners) is amended as follows.
(2)
In sub-paragraph (1)—
(a)
omit the word “or” at the end of paragraph (a), and
(b)
“, or
(c)
the amount of his non-deductible tax in respect of any prescribed accounting period is less than it would be but for such a scheme.”
(3)
“(2A)
Sub-paragraph (2) does not apply to a taxable person in relation to any scheme if he has on a previous occasion—
(a)
notified the Commissioners under that sub-paragraph in relation to the scheme, or
(b)
provided the Commissioners with prescribed information under sub-paragraph (3) (as it applied before the scheme became a designated scheme) in relation to the scheme.”
(4)
“(5)
Sub-paragraph (3) also does not apply where the scheme is one in respect of which the taxable person has on a previous occasion provided the Commissioners with prescribed information under that sub-paragraph.”
6
In paragraph 7 (exemptions from duty to notify) in the definition of “relevant period” in sub-paragraph (9) for “6(1)(a) or (b)” substitute “
6(1)(a), (b) or (c)
”
.