SCHEDULES

[F1 SCHEDULE 34A U.K.Promoters of tax avoidance schemes: defeated arrangements

Textual Amendments

F1 Sch. 34A inserted (15.9.2016) by Finance Act 2016 (c. 24), s. 160(5)

PART 2 U.K.Meaning of “relevant defeat”

“Promoted arrangements” U.K.

3 (1) For the purposes of this Schedule arrangements are “promoted arrangements” in relation to a person if— U.K.

(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.]