SCHEDULES

F1SCHEDULE 34APromoters of tax avoidance schemes: defeated arrangements

Annotations:
Amendments (Textual)
F1

Sch. 34A inserted (15.9.2016) by Finance Act 2016 (c. 24), s. 160(5)

PART 2Meaning of “relevant defeat”

“Promoted arrangements”

3

1

For the purposes of this Schedule arrangements are “promoted arrangements” in relation to a person if—

a

they are relevant arrangements or would be relevant arrangements under the condition stated in sub-paragraph (2), and

b

the person is carrying on a business as a promoter and—

i

the person is or has been a promoter in relation to the arrangements, or

ii

that would be the case if the condition in sub-paragraph (2) were met.

2

That condition is that the definition of “tax” in section 283 includes, and has always included, value added tax.