Finance (No. 2) Act 2017

Amount of penalty U.K.

15 (1) For each person who enabled the arrangements mentioned in paragraph 1, the penalty payable under paragraph 1 is the total amount or value of all the relevant consideration received or receivable by that person (“the person in question”). U.K.

(2) Particular consideration is “relevant” for the purposes of this paragraph if—

(a) it is consideration for anything done by the person in question which enabled the arrangements mentioned in paragraph 1, and

(b) it has not previously been taken into account in calculating the amount of a penalty payable under paragraph 1.

(3) For the purposes of this paragraph a thing done by a person “enabled” the arrangements mentioned in paragraph 1 if, by doing that thing (alone or with anything else), the person fell within the definition in Part 4 of this Schedule of a person who enabled those arrangements.

16 (1) This paragraph applies for the purposes of paragraph 15. U.K.

(2) Where consideration for anything done by a person (“A”) is, under any arrangements with A, paid or payable to a person other than A, it is to be taken to be received or receivable by A.

(3) The “consideration” for anything done by a person does not include any amount charged by that person in respect of value added tax.

(4) Consideration attributable to two or more transactions is to be apportioned on a just and reasonable basis.

(5) Any consideration given for what is in substance one bargain is to be treated as attributable to all elements of the bargain, even though—

(a) separate consideration is, or purports to be, given for different elements of the bargain, or

(b) there are, or purport to be, separate transactions in respect of different elements of the bargain.