[SCHEDULE 33A Promotion Structures]
Finance Act 2014 (2014 c 26) | Legislation

[SCHEDULE 33A Promotion Structures]

[Section 235]

[Cases in which a person is a member of a promotion structure.

1

A person (“Aâ€) is a member of a promotion structure if A falls within—

(a)     the case described in paragraph 2 (multiple entity promoter),

(b)     the case described in paragraph 3 (acting for a non-resident promoter),

(c)     the case described in paragraph 4 (control of another promoter), or

(d)     the case described in paragraph 5 (transfer of promotion business).

Multiple entity promoter

2

(1)     A falls within this case if—

(a)     A and one or more other persons carry out activities between them that if carried out by a single person would cause that person to be a promoter within the meaning of section 235(2) or (3), and

(b)     each of the persons carrying out those activities is closely related to at least one other of those persons.

(2)     A person (“Dâ€) is closely related to another person (“Eâ€) if—

(a)     D is able to secure that E acts in accordance with D's wishes (or vice versa),

(b)     E typically acts in accordance with D's wishes,

(c)     it is reasonable to expect that

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