Commentary

V5.213B Information to be disclosed

Part V5 Compliance, enforcement and appeals

V5.213B Information to be disclosed

V5.213B Information to be disclosed1

1. Disclosure under F(No 2)A 2017, Sch 17, paras 11(1), 12(1) (Duty of promoter in relation to a notifiable proposal or notifiable arrangements), 17(2) (Duty of person dealing with non-UK promoter) and 18(2) (Duty of parties to notifiable arrangements not involving a promoter)

The information to be disclosed is as follows2:

  1.  

    •     the name and address of the promoter but, in the case of disclosure under para 18(2), only to the extent that such information is known to the person making the disclosure

  2.  

    •     details of each provision of the Indirect Taxes (Notifiable Arrangements) Regulations 2017 (SI 2017/1216 – see V5.213C below) by virtue of which the proposal for arrangements or the arrangement is a notifiable proposal or a notifiable arrangement

  3.  

    •     a summary of the notifiable proposal or notifiable arrangement and any name by which it is known

  4.  

    •     information which explains each element of the notifiable proposal or notifiable arrangement from which the tax advantage expected to be obtained arises

  5.  

    •     details of the statutory provisions on which that

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