Finance (No. 2) Act 2017 (c. 32)

SCHEDULES

SCHEDULE 1 U.K. Social investment tax relief

PART 1 U.K. Amendments of Part 5B of ITA 2007

The no disqualifying arrangements requirement U.K.

5 (1) Section 257SH (power to require information where reason to believe SI relief may not be due because of certain kinds of arrangements, etc) is amended as follows. U.K.

(2) In subsection (1) after “257LE,” insert “ 257LEA, ”.

(3) In subsection (4) at the appropriate place insert—

“Section 257LEA

The investor, the social enterprise, any person controlling the social enterprise and any person whom an officer of Revenue and Customs has reason to believe may be a party to the arrangements in question”