Section 305A | Introduction

(1)This Part makes provision about the disclosure of information in relation to arrangements, or proposed arrangements, that enable, or might be expected to enable, a person to obtain a tax advantage.

(2)Among other things, this Part—

(a)imposes duties to provide information to HMRC (and others);

(b)allows HMRC to allocate reference numbers in relation to arrangements and proposed arrangements (in cases where the disclosure duties have been complied with and in other cases);

(c)makes provision about publication of information about arrangements and proposed arrangements, and persons involved in their supply;

(d)makes provision about penalties.