Paragraph 23

a person (“P”) would (ignoring paragraph 24) be treated as taking a relevant step within paragraph 1 by reason of making a loan, or a quasi-loan, to a relevant person,

an accelerated payment notice, or a partner payment notice, relating to a relevant charge (the “accelerated payment notice”) has been given under Chapter 3 of Part 4 of FA 2014,

the relevant person makes a payment (the “accelerated payment”) in respect of the understated or disputed tax to which the notice relates,

the accelerated payment is made on or before F15 April 2019, and

the amount of the loan or quasi-loan that, at the end of F25 April 2019, is outstanding for the purposes of paragraph 1 (see paragraphs 3 to 18) is equal to or less than the amount of the accelerated payment.

the reference to tax includes a reference to relevant contributions, and

the reference to a charge to tax includes a reference to a liability to pay relevant contributions;

the reference in sub-paragraph (1)(e) to the amount of the accelerated payment is to be treated as a reference to the aggregate of the amounts of each accelerated payment in respect of which the conditions in sub-paragraph (1)(c) and (d) are met, and

the reference in paragraph 24(2) to the accelerated payment notice is to be treated as a reference to the accelerated payment notices or any of them.