SCHEDULES
SCHEDULE 18Serial tax avoidance
PART 1Contents of Schedule
1
In this Schedule—
a
Part 2 provides for HMRC to give warning notices to persons who incur relevant defeats and includes—
i
provision about the duration of warning periods under warning notices (see paragraph 3), and
ii
definitions of “relevant defeat” and other key terms;
b
Part 3 contains provisions about persons to whom a warning notice has been given, and in particular—
i
imposes a duty to give information notices, and
ii
allows the Commissioners to publish information about such persons in certain cases involving repeated relevant defeats;
c
Part 4 contains provision about the restriction of reliefs;
d
Part 5 imposes liability to penalties on persons who incur relevant defeats in relation to arrangements used in warning periods;
e
Part 6 contains provisions about corporate groups, associated persons and partnerships;
f
Part 7 contains definitions and other supplementary provisions.