SCHEDULES
SCHEDULE 38Disclosure of tax avoidance schemes
Amendments of Part 7 of FA 2004
I1I25
1
Section 313 (duty of parties to notifiable arrangements to notify HMRC of number etc) is amended as follows.
2
In subsection (1)(a), omit “under section 311 by the Board or under section 312 by the promoter”.
3
In subsection (3)—
a
for “under subsection (1)” substitute “
made by HMRC
”
,
b
in paragraph (a), for “number and other information” substitute “
information prescribed under subsection (1)
”
, and
c
in paragraph (b), for “number and other information” substitute “
information prescribed under subsection (1) and such other information as is prescribed
”
.
4
Insert at the end—
5
HMRC may give notice that, in relation to notifiable arrangements specified in the notice, persons are not under the duty under subsection (1) after the date specified in the notice.