SCHEDULES
SCHEDULE 31Disclosure of tax avoidance schemes
PART 1Amendments of Part 7 of FA 2004
8
1
Section 312A (duty of client to notify parties of reference number) is amended as follows.
2
In subsection (1)—
a
after “prescribed information” insert “
under section 312
”
;
b
for “allocated to the notifiable arrangements or proposed notifiable arrangements” substitute
allocated to—
a
the notifiable arrangements or proposed notifiable arrangements, or
b
any arrangements substantially the same as the notifiable arrangements or proposed notifiable arrangements.
3
After subsection (1) insert—
1A
This section also applies where a person (a “client”) to whom a person is providing (or has provided) services in connection with arrangements or proposed arrangements receives prescribed information under section 312ZA relating to the reference number allocated to—
a
the arrangements or proposed arrangements, or
b
any arrangements substantially the same as the arrangements or proposed arrangements.
4
In subsection (4), for “notifiable arrangements or a notifiable proposal” substitute “
arrangements or a proposal
”
.