SCHEDULE 17 Disclosure of Tax Avoidance Schemes
Finance Act 2010 (2010 c 13) | Legislation

SCHEDULE 17 Disclosure of Tax Avoidance Schemes

Section 56

Introduction

1

Part 7 of FA 2004 (disclosure of tax avoidance schemes) is amended as follows.

Initial marketing

2

(1)     Section 307 (meaning of “promoterâ€) is amended as follows.

(2)     In paragraph (a) of subsection (1), for the words from “business†to “makes†substitute “business, the person (“Pâ€)—

“(i)     is to any extent responsible for the design of the proposed arrangements,

(ii)     makes a firm approach to another person (“Câ€) in relation to the notifiable proposal with a view to P making the notifiable proposal available for implementation by C or any other person, or

(iii)     makesâ€.

(3)     In paragraph (b) of that subsection, after “(a)(ii)†insert “or (iii)â€.

(4)     After subsection (1) insert—

“(1A)     For the purposes of this Part a person is an introducer in relation to a notifiable proposal if the person makes a marketing contact with another person in relation to the notifiable proposal.â€

(5)     After subsection (4) insert—

“(4A)     For the purposes of this Part a person makes a firm approach to another person in relation to a notifiable proposal if the person makes a marketing contact with the other

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