Paragraph 20

Before Part 1 insert—

“ PART A1

Introduction

A1

(1)

This Schedule 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 in relation to VAT or another indirect tax.

(2)

Among other things, this Schedule—

(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.”