SCHEDULES

SCHEDULE 8Minor and consequential amendments

Part 13General

Finance Act 1998 (c. 36)

321

1

Amend Schedule 18 (company tax returns etc) as follows.

2

In paragraph 25(1) (scope of enquiries) for the words from “a transfer pricing notice” to “arbitrage)” substitute “ a notice within sub-paragraph (3) ”.

3

In paragraph 25 after sub-paragraph (2) insert—

3

A notice is within this sub-paragraph if it is—

a

a notice under section 184G or 184H of the Taxation of Chargeable Gains Act 1992 (avoidance involving capital losses),

b

a notice under section 81(2) of TIOPA 2010 (schemes and arrangements designed to increase relief),

c

a transfer pricing notice under section 168(1) of TIOPA 2010 (provision not at arm's length: medium-sized enterprise), or

d

a notice under section 232 or 249 of TIOPA 2010 (avoidance involving tax arbitrage).

4

In paragraph 42(2A) (disapplication of restrictions on power to make discovery assessment or determination) for the words after “return, a notice” substitute “ within sub-paragraph (4). ”

5

In paragraph 42 after sub-paragraph (3) insert—

4

A notice is within this sub-paragraph if it is—

a

a notice under section 184G or 184H of the Taxation of Chargeable Gains Act 1992 (avoidance involving capital losses),

b

a notice under section 81(2) of TIOPA 2010 (schemes and arrangements designed to increase relief), or

c

a notice under section 232 or 249 of TIOPA 2010 (avoidance involving tax arbitrage).

6

After paragraph 97 insert—

Meaning of TIOPA 2010

97A

In this Schedule “TIOPA 2010” means the Taxation (International and Other Provisions) Act 2010.

7

In the list in paragraph 98 after the entry for “tax payable” insert—

TIOPA 2010

paragraph 97A