Section 81 | Countering effect of avoidance arrangements

(1)This section applies if each of conditions A to D of section 82 is met in relation to a person.

(2)The effects of a scheme or arrangement that are referable to the purpose referred to in condition B of that section are to be counteracted by the making of such adjustments as are necessary.

(3)Any adjustments required to be made by this section (whether or not by an officer of Revenue and Customs) may be made by way of—

(a)an assessment,

(b)the modification of an assessment, or

(c)amendment or disallowance of a claim,

or otherwise.