Paragraph 6

United Kingdom

(1)

If representations are made in accordance with paragraph 4, a designated HMRC officer must consider them.

(2)

If, after considering them, the designated HMRC officer considers that the tax advantage ought to be counteracted under section 209, the officer must refer the matter to the GAAR Advisory Panel.

F1(3)

The officer must, as soon as reasonably practicable after deciding whether or not the matter is to be referred to the GAAR Advisory Panel, give the taxpayer written notice of the decision.

Annotations

Textual amendments

F1: Sch. 43 para. 6(3) inserted (15.9.2016) (with effect in accordance with s. 157(30) of the amending Act) by Finance Act 2016 (c. 24), s. 157(11)