# Finance (No. 2) Act 2005, Paragraph 5


(1) Paragraph 6 (duty to notify Commissioners) is amended as follows.
(2) In sub-paragraph (1)—
(a) omit the word “or” at the end of paragraph (a), and
(b) after paragraph (b) insert
“, or
(c) the amount of his non-deductible tax in respect of any prescribed accounting period is less than it would be but for such a scheme.”
(3) After sub-paragraph (2) insert—
“(2A) Sub-paragraph (2) does not apply to a taxable person in relation to any scheme if he has on a previous occasion—
(a) notified the Commissioners under that sub-paragraph in relation to the scheme, or
(b) provided the Commissioners with prescribed information under sub-paragraph (3) (as it applied before the scheme became a designated scheme) in relation to the scheme.”
(4) For sub-paragraph (5) substitute—
“(5) Sub-paragraph (3) also does not apply where the scheme is one in respect of which the taxable person has on a previous occasion provided the Commissioners with prescribed information under that sub-paragraph.”

---
Source: https://www.legislation.gov.uk/ukpga/2005/22/schedule/1/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2005/schedule-1/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.