Modifications etc. (not altering text)
C1Sch. 18 modified (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by 1994 c. 23, Sch. 9ZA para. 79 (as inserted by Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 2 para. 2 (with s. 3(4), Sch. 2 para. 7(7)-(10)); S.I. 2020/1642, reg. 9)
65(1)A warning notice given to a person is to be disregarded for the purposes of—U.K.
(a)paragraph 18 (naming), and
(b)Part 4 of this Schedule (restriction of reliefs),
if the relevant defeat specified in the notice relates to arrangements which the person has entered into before the day on which this Act is passed.
(2)Where a person has entered into any arrangements before the day on which this Act is passed—
(a)a relevant defeat incurred by a person in relation to the arrangements, and
(b)any warning notice specifying such a relevant defeat,
is to be disregarded for the purposes of paragraph 30 (penalty).