OpenLegislation

Paragraph 2

(1)

Parts 2 to 4 of this Schedule define—

  • “abusive tax arrangements”;

  • a “defeat in respect of the arrangements”;

  • a “person who enabled the arrangements”.

(2)

The other Parts of this Schedule make provision supplementing paragraph 1 as follows—

(a)

Part 5 makes provision about the amount of a penalty;

(b)

Parts 6 to 8 provide for the assessment of penalties, referrals to the GAAR Advisory Panel and appeals against assessments;

(c)

Part 9 applies information and inspection powers, and makes provision about declarations relating to legally privileged communications;

(d)

Part 10 confers power to publish details of persons who have incurred penalties;

(e)

Parts 11 and 12 contain miscellaneous and general provisions.