Part 3 Consequential Amendments
Finance (No 2) Act 2017 (2017 c 32) | Legislation

Part 3 Consequential Amendments

VATA 1994

51

In section 77(4A) of VATA 1994 (cases in which the time allowed for assessment is 20 years), in paragraph (d) after “11A†insert “or an obligation under paragraph 17(2) or 18(2) of Schedule 17 to FA 2017â€.

Promoters of tax avoidance schemes

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Part 5 of FA 2014 (promoters of tax avoidance schemes) is amended as follows.

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(1)     Section 281A (VAT: meaning of “tax advantageâ€) is amended as follows.

(2)     In the heading after “VAT†insert “and other indirect taxesâ€.

(3)     In subsection (1)—

(a)     in paragraph (a) after “VAT†insert “and other indirect taxesâ€, and

(b)     in paragraph (b) for the words from “in paragraph 1†to the end substitute “for VAT in paragraph 6, and for other indirect taxes in paragraph 7, of Schedule 17 to FA 2017 (disclosure of tax avoidance schemes: VAT and other indirect taxes).

(4)     In subsection (3) after “value added tax†(in both places) insert “or other indirect taxesâ€.

(5)     After subsection (3) insert—

“(4)     In this section “indirect tax†has the same meaning as in Schedule 17 to FA 2017.â€

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(1)     Schedule 34A (defeated arrangements)

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