SCHEDULE 35 Promoters of Tax Avoidance Schemes: Penalties
Finance Act 2014 (2014 c 26) | Legislation

SCHEDULE 35 Promoters of Tax Avoidance Schemes: Penalties

Section 274

Introduction

1

In this Schedule a reference to an “information duty†is to a duty arising under any of the following provisions to provide information or produce a document—

[(za)     section 236C(1) (duty to make return to HMRC);]

(a)     section 255 (duty to provide information or produce document);

(b)     section 257 (ongoing duty to provide information);

(c)     section 258 (duty of person dealing with non-resident promoter);

(d)     section 259 (monitored promoter: duty to provide information about clients);

(e)     section 260 (intermediaries: duty to provide information about clients);

(f)     section 261 (duty to provide information about clients following enquiry);

(g)     . . .

(h)     section 263 (information about monitored promoter's address);

[(i)     paragraph 1, 2, 5 or 5A of Schedule 36 of FA 2008 (information and inspection powers) as it has effect as a result of section 272A].

Penalties for failure to comply

2

(1)     A person who[—

[(a)]     fails to comply with a duty imposed by or under this Part mentioned in column 1 of the Table is liable to a penalty not exceeding the amount shown in relation to that [duty] in column 2 of the Table[,

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