General anti-abuse rule: provisional counteractions

Finance Bill – in the House of Commons at 10:00 pm on 5th September 2016.

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Amendments made: 136, page 241, leave out lines 10 to 18 and insert—

“(d) a designated HMRC officer giving the taxpayer a pooling notice or a notice of binding under Schedule 43A which—

(i) specifies the arrangements and the tax advantage which are specified in the provisional counteraction notice, and

(ii) specifies the notified adjustments (or lesser adjustments) as the counteraction that the officer considers ought to be taken;”.

Amendment 137, page 241, line 29, after “the” insert “pooling notice or”.—(Jane Ellison.)

Schedule 19