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16(1)Condition E is that the arrangements are disclosable VAT arrangements to which P is a party and—
(a)the arrangements relate to the position with respect to VAT of a person other than P (“S”) who has made supplies of goods or services to P,
(b)the arrangements might be expected to enable P to obtain a tax advantage in connection with those supplies of goods or services,
(c)the arrangements have been counteracted, and
(d)the counteraction is final.
(2)For the purposes of this paragraph the arrangements are “counteracted” if—
(a)HMRC assess S to tax or take any other action on a basis which prevents P from obtaining (or obtaining the whole of) the tax advantage in question, or
(b)adjustments, other than taxpayer emendations, are made in relation to S’s VAT affairs on a basis such as is mentioned in paragraph (a).
(3)For the purposes of this paragraph a counteraction is “final” when the assessment, adjustments or action in question, and any amounts arising from the assessment, adjustments or action, can no longer be varied, on appeal or otherwise.
(4)For the purposes of sub-paragraph (1) the time when it falls to be determined whether or not the arrangements are disclosable VAT arrangements is when the counteraction becomes final.
(5)The following are “taxpayer emendations” for the purposes of sub-paragraph (2)—
(a)an adjustment made by S at a time when neither P nor S had reason to believe that HMRC had begun or were about to begin enquiries into the affairs of S or P relating to VAT;
(b)an adjustment (by way of an assessment or otherwise) made by HMRC with respect to S’s tax position as a result of a disclosure made by S which meets the conditions in sub-paragraph (6).
(6)The conditions are that the disclosure—
(a)is a full and explicit disclosure of an inaccuracy in a return or other document or of a failure to comply with an obligation, and
(b)was made at a time when neither S nor P had reason to believe that HMRC were about to begin enquiries into the affairs of S or P relating to VAT.
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