Paragraph 29

(1)

Paragraph 5 (non-compliance with Part 7 of FA 2004) is amended in accordance with sub-paragraphs (2) to (7).

(2)

In the heading, for “Part 7 of FA 2004” substitute “ avoidance disclosure requirements ”.

(3)

Before sub-paragraph (1) insert—

“(A1)
A person meets this condition if the person fails to comply with any of the following provisions of—
(a)
Part 7 of FA 2004 (disclosure of tax avoidance schemes);
(b)
Schedule 17 to F(No. 2)A 2017 (disclosure of tax avoidance schemes: VAT and other indirect taxes).”

(4)

In sub-paragraph (1)—

(a)

for the words before paragraph (a) substitute “ The provisions of Part 7 of FA 2004 are— ”;

(b)

after paragraph (c) insert—

“(ca)
section 310C (duty of promoter to provide updated information);
(cb)
section 312(2) (duty of promoter to notify client of reference number);”;

(c)

after paragraph (d) insert—

“(e)
section 316A (duty to provide additional information).”

(5)

After sub-paragraph (1) insert—

“(1A)
The provisions of Schedule 17 to F(No.2)A 2017 are—
(a)
paragraph 11(1) (duty of promoter in relation to notifiable proposals);
(b)
paragraph 21(3) (duty of promoter to provide updated information);
(c)
paragraph 23(2) (duty of promoter to notify client of reference number);
(d)
paragraph 27(3) (duty of promoter to provide details of clients);
(e)
paragraph 33 (duty to provide additional information).”

(6)

In sub-paragraph (2)—

(a)

for “sub-paragraph (1)” substitute “ sub-paragraphs (1) and (1A) ”;

(b)

for “that sub-paragraph” substitute “ any of those sub-paragraphs ”.

(7)

In sub-paragraph (4), after “TMA 1970” insert “ or paragraph 48 of Schedule 17 to F(No.2)A 2017 ”.