SCHEDULES

[F1 SCHEDULE 43B U.K. Procedural requirements: generic referral of tax arrangements

Textual Amendments

F1 Sch. 43B inserted (15.9.2016 with effect in accordance with s. 157(30) of the amending Act) by Finance Act 2016 (c. 24), s. 157(3)

Notice of proposal to make generic referral of tax arrangements U.K.

2 (1) T has 30 days beginning with the day on which the notice under paragraph 1 is given to propose to HMRC that it— U.K.

(a) should give T a notice under paragraph 3 of Schedule 43 [F2 or paragraph 5 of Schedule 43D (as the case may be)] in respect of the arrangements to which the notice under paragraph 1 relates, and

(b) should not proceed with the proposal to make a generic referral to the GAAR Advisory Panel in respect of those arrangements.

(2) If a proposal is made in accordance with sub-paragraph (1) a designated HMRC officer must consider it.]

Textual Amendments

F2 Words in Sch. 43B para. 2(1)(a) inserted (with effect in accordance with s. 124(2) of the amending Act) by Finance Act 2021 (c. 26), Sch. 32 para. 12(2)