SCHEDULES

SCHEDULE 16 U.K. Penalties for enablers of defeated tax avoidance

PART 3 U.K. “Defeat” in respect of abusive tax arrangements

“Defeat” in respect of abusive tax arrangements U.K.

4 U.K. T (within the meaning of paragraph 1) incurs a “defeat” in respect of abusive tax arrangements entered into by T (“the arrangements concerned”) if—

(a) Condition A (in paragraph 5) is met, or

(b) Condition B (in paragraph 6) is met.