# Finance Act 2021, 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 ”.

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Source: https://www.legislation.gov.uk/ukpga/2021/26/schedule/30/paragraph/29 (the official version)
Page: https://openlegislation.uk/finance-act-2021/schedule-30/paragraph-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.