Paragraph 11 I1

(1)

A person who is a promoter in relation to a notifiable proposal must, within the relevant period, provide HMRC with prescribed information relating to the proposal.

(2)

In sub-paragraph (1) “the relevant period” is the period of 31 days beginning with the relevant date.

(3)

In sub-paragraph (2) “the relevant date” is the earliest of the following—

(a)

the date on which the promoter first makes a firm approach to another person in relation to the proposal,

(b)

the date on which the promoter makes the proposal available for implementation by any other person, or

(c)

the date on which the promoter first becomes aware of any transaction forming part of notifiable arrangements implementing the proposal.

Annotations

Commencement

I1: Sch. 17 para. 11 in force at Royal Assent for specified purposes and at 1.1.2018 otherwise, see s. 66(4)

Notes on Schedule 17

Modifications

C1: Sch. 17 modified (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by 1994 c. 23, Sch. 9ZA para. 80 (as inserted by Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 2 para. 2 (with s. 3(4), Sch. 2 para. 7(7)-(10)); S.I. 2020/1642, reg. 9)