Part 7 GAAR Advisory Panel Opinion, and Representations
Finance (No 2) Act 2017 (2017 c 32) | Legislation

Part 7 GAAR Advisory Panel Opinion, and Representations

Requirement for opinion of GAAR Advisory Panel

23

(1)     A penalty under paragraph 1 may not be assessed unless—

(a)     the decision that it should be assessed is taken by a designated HMRC officer, and

(b)     either the condition in sub-paragraph (2) or the condition in sub-paragraph (3) is met.

(2)     The condition in this sub-paragraph is that, when the assessment is made—

(a)     a GAAR final decision notice has been given in relation to—

(i)     the arrangements to which the penalty relates (“the relevant arrangementsâ€), or

(ii)     arrangements that are equivalent to the relevant arrangements,

(b)     where a notice is required by paragraph 25 to be given to the person liable to the penalty, that notice has been given and the time allowed for making representations under that paragraph has expired, and

(c)     a designated HMRC officer has, in deciding whether the penalty should be assessed, considered—

(i)     the opinion of the GAAR Advisory Panel which was considered by HMRC in preparing that GAAR final decision notice, and

(ii)     any representations made under paragraph 25.

(3)     The condition in this sub-paragraph is that, when the assessment is made—

(a)

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