Section 305A Introduction

(1)

F1This Part makes provision about the disclosure of information in relation to arrangements, or proposed arrangements, that enable, or might be expected to enable, a person to obtain a tax advantage.

(2)

Among other things, this Part—

(a)

imposes duties to provide information to HMRC (and others);

(b)

allows HMRC to allocate reference numbers in relation to arrangements and proposed arrangements (in cases where the disclosure duties have been complied with and in other cases);

(c)

makes provision about publication of information about arrangements and proposed arrangements, and persons involved in their supply;

(d)

makes provision about penalties.

Annotations

Textual amendments

F1: S. 305A inserted (with application in accordance with Sch. 31 paras. 45, 46 of the amending Act) by Finance Act 2021 (c. 26), Sch. 31 paras. 2, 44