SCHEDULES
SCHEDULE 38Disclosure of tax avoidance schemes
Amendments of TMA 1970
I1I27
1
Section 98C of TMA 1970 (penalties for failure to comply with duties under Part 7 of FA 2004) is amended as follows.
2
In subsection (2)—
a
in paragraph (d), for “312(1)” substitute “
312(2)
”
, and
b
after that paragraph (but before the “and”) insert—
da
section 312A(2) (duty of client to notify parties of reference number),
3
In subsection (3)—
a
for “section 313(1)” substitute “
subsection (1) of section 313
”
, and
b
after “etc.)” insert “
or regulations under subsection (3) of that section
”
.
4
In subsection (4), for “313(1)”
(in both places) substitute “
subsection (1) of section 313 or regulations under subsection (3) of that section
”
.