Section 56

INTRODUCTION

1  Part 7 of FA 2004 (disclosure of tax avoidance schemes) is amended as follows.

INITIAL MARKETING

2(1)  Section 307 (meaning of “promoter”) is amended as follows.

2(2)  [Amends FA 2004, s. 307(1)(a).]

2(3)  [Amends FA 2004, s. 307(1)(b).]

2(4)  [Inserts FA 2004, s. 307(1A).]

2(5)  [Inserts FA 2004, s. 307(4A), (4B) and (4C).]

2(6)  [Amends FA 2004, s. 307(5).]

2(7)  [Amends FA 2004, s. 307(6).]

3(1)  Section 308(2) (duties of promoter) is amended as follows.

3(2)  [Amends FA 2004, s. 308(2).]

3(3)  [Inserts FA 2004, s. 308(2)(za).]

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