SCHEDULES

SCHEDULE 16Penalties for enablers of defeated tax avoidance

PART 12General

Consequential amendments

61

In Schedule 34 to FA 2014 (promoters of tax avoidance schemes: threshold conditions), in paragraph 7—

a

in paragraph (a), for the words after “promoter” substitute

—

i

have been referred to the GAAR Advisory Panel under Schedule 43 to FA 2013 (referrals of single schemes),

ii

are in a pool in respect of which a referral has been made to that Panel under Schedule 43B to that Act (generic referrals), or

iii

have been referred to that Panel under paragraph 26 of Schedule 16 to F(No. 2)A 2017 (referrals in relation to penalties for enablers of defeated tax avoidance),

b

in paragraph (b), for the words after “referral” substitute

under (as the case may be)—

i

paragraph 11(3)(b) of Schedule 43 to FA 2013,

ii

paragraph 6(4)(b) of Schedule 43B to that Act, or

iii

paragraph 34(3)(b) of Schedule 16 to F(No. 2)A 2017,

(opinion of sub-panel of GAAR Advisory Panel that arrangements are not reasonable), and