Finance Act 2021 (c. 26)

SCHEDULES

SCHEDULE 32 U.K. The GAAR and partnerships

PART 2 U.K. Minor and consequential amendments to Part 5 of FA 2013

6 U.K. In section 210 (consequential relieving adjustments)—

(a) in subsection (1)(b) omit “by the taxpayer”, and

(b) for subsection (10) substitute—

“(10) For the purposes of subsection (1)(b), HMRC must be notified—

(a) in a case where Schedule 43D applies, by the responsible partner (within the meaning of that Schedule), and

(b) in any other case, by the person to whom the tax advantage would have arisen.”