SCHEDULE 19 Promoters of Tax Avoidance Schemes
Finance Act 2015 (2015 c 11) | Legislation

SCHEDULE 19 Promoters of Tax Avoidance Schemes

Section 119

1

Part 5 of FA 2014 (promoters of tax avoidance schemes) is amended as follows.

Treating persons as meeting a threshold condition

2

(1)     Section 237 (duty to give conduct notice) is amended as follows.

(2)     After subsection (1) insert—

“(1A)     Subsections (5) to (9) also apply if an authorised officer becomes aware at any time (“the relevant timeâ€) that—

(a)     a person has, in the period of 3 years ending with the relevant time, met one or more threshold conditions,

(b)     at the relevant time another person (“Pâ€) meets one or more of those conditions by virtue of Part 2 of Schedule 34 (meeting the threshold conditions: bodies corporate and partnerships), and

(c)     P is, at the relevant time, carrying on a business as a promoter.â€

(3)     In subsection (3), for the words from “the†to the end substitute “when a person is treated as meeting a threshold conditionâ€.

(4)     For subsection (5) substitute—

“(5)     The authorised officer must determine—

(a)     in a case within subsection (1), whether or not P's meeting of the condition mentioned in subsection (1)(a) (or, if more than one condition

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