SCHEDULES

SCHEDULE 34Promoters of tax avoidance schemes: threshold conditions

PART 1Meeting the threshold conditions: general

Opinion notice of GAAR Advisory Panel

7

F51

A person meets this condition if one or more of sub-paragraphs (2) to (4) apply in respect of the person.

F62

F7This sub-paragraph applies in respect of a person if —

a

arrangements in relation to which the person is a promoter F3—

i

have been referred to the GAAR Advisory Panel under Schedule 43 to FA 2013 (referrals of single schemes),

ii

are in a pool in respect of which a referral has been made to that Panel under Schedule 43B to that Act (generic referrals), or

iii

have been referred to that Panel under paragraph 26 of Schedule 16 to F(No. 2)A 2017 (referrals in relation to penalties for enablers of defeated tax avoidance),

b

one or more opinion notices are given F1in respect of the referralF4under (as the case may be)—

i

paragraph 11(3)(b) of Schedule 43 to FA 2013,

ii

paragraph 6(4)(b) of Schedule 43B to that Act, or

iii

paragraph 34(3)(b) of Schedule 16 to F(No. 2)A 2017,

(opinion of sub-panel of GAAR Advisory Panel that arrangements are not reasonable), and

c

the notice, or the notices taken together, either—

i

state the joint opinion of all the members of the sub-panel arranged under F2... that Schedule, or

ii

state the opinion of two or more members of that sub-panel.

F83

This sub-paragraph applies in respect of a person (“P”) if—

a

another person has been given, in respect of arrangements in relation to which P is a promoter (“the promoted arrangements”)—

i

a pooled arrangements opinion notice, under paragraph 6(2) of Schedule 43A to FA 2013, or

ii

a bound arrangements opinion notice under paragraph 6(4) of that Schedule,

b

the notice in question sets out a report prepared by HMRC of an opinion of the GAAR Advisory Panel in relation to the promoted arrangements that is contained in one or more opinion notices given under paragraph 11(3)(b) of Schedule 43 to FA 2013 or paragraph 6(4)(b) of Schedule 43B to FA 2013, and

c

the opinion notice, or the opinion notices taken together, either—

i

state the joint opinion of all the members of the sub-panel arranged under Schedule 43 or 43B, as the case may be, or

ii

state the opinion of two or more members of the sub-panel.

4

This sub-paragraph applies in respect of a person if—

a

arrangements in relation to which the person is a promoter (“the promoted arrangements”) are equivalent within the meaning of paragraph 24(3) of Schedule 16 to F(No. 2)A 2017 to arrangements that have been referred to the GAAR Advisory Panel under paragraph 26 of that Schedule,

b

one or more opinion notices are given under paragraph 34(3)(b) of Schedule 16 to F(No.2)A 2017 that apply to the promoted arrangements for the purposes of Part 7 of that Schedule, and

c

the notice, or the notices taken together, either—

i

state the joint opinion of all the members of the sub-panel arranged under that Schedule, or

ii

state the opinion of two or more members of that sub-panel.