SCHEDULES
F1SCHEDULE 34APromoters of tax avoidance schemes: defeated arrangements
PART 5Supplementary
F2 “Disclosable VAT or other indirect tax arrangements”
Sch. 34A para. 26A and cross-heading inserted (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 54(4)
26A
1
For the purposes of this Schedule arrangements are “disclosable VAT or other indirect tax arrangements” at any time if at that time—
a
the arrangements are disclosable Schedule 11A arrangements, or
b
sub-paragraph (2) applies.
2
This sub-paragraph applies if a person—
a
has provided information in relation to the arrangements under paragraph 12(1), 17(2) or 18(2) of Schedule 17 to FA 2017, or
b
has failed to comply with any of those provisions in relation to the arrangements.
3
But for the purposes of this Schedule arrangements in respect of which HMRC have given notice under paragraph 23(6) of that Schedule (notice that promoters not under duty to notify client of reference number) are not to be regarded as disclosable VAT or other indirect tax arrangements.
4
For the purposes of sub-paragraph (2) a person who would be required to provide information under paragraph 12(1) of that Schedule—
a
but for the fact that the arrangements implement a proposal in respect of which notice has been given under paragraph 11(1) of that Schedule, or
b
but for paragraph 13, 14 or 15 of that Schedule,
is treated as providing the information at the end of the period referred to in paragraph 12(1).
Sch. 34A inserted (15.9.2016) by Finance Act 2016 (c. 24), s. 160(5)