SCHEDULES
F1SCHEDULE 34APromoters of tax avoidance schemes: defeated arrangements
Annotations:
Amendments (Textual)
PART 2Meaning of “relevant defeat”
Relevant defeat of single arrangements
4
1
A defeat of arrangements (entered into by any person) which are promoted arrangements in relation to a person (“the promoter”) is a “relevant defeat” in relation to the promoter if the condition in sub-paragraph (2) is met.
2
The condition is that the arrangements are not related to any other arrangements which are promoted arrangements in relation to the promoter.
3
For the meaning of “defeat” see paragraphs 10 to 16.
Sch. 34A inserted (15.9.2016) by Finance Act 2016 (c. 24), s. 160(5)