Part 1 Stop Notices and Information & Inspection Powers
Finance Act 2021 (2021 c 26) | Legislation

SCHEDULE 30 Amendments of Part 5 of FA 2014

Section 121

Part 1 Stop Notices and Information & Inspection Powers

1

After section 236 (of FA 2014) insert—

“Stop notices
236A Power to give stop notices

(1)     An authorised officer may give a person a notice (a “stop notice”) if the authorised officer suspects that the recipient promotes, or has promoted, arrangements of a description specified in the notice or proposals for such arrangements.

(2)     A description of arrangements may be specified in a stop notice only if the authorised officer considers that—

(a)     condition A and any of conditions B and C are met, or

(b)     conditions B and D are met.

(3)     Condition A is that arrangements of that description—

(a)     would, if the arrangements had been implemented before 5 April 2019, have been likely to—

(i)     cause a person to be treated as taking a relevant step for the purposes of Part 7A of ITEPA 2003 by virtue of paragraph 1(1) of Schedule 11 to F(No 2)A 2017 (loan charge: employment income), or

(ii)     cause a relevant benefit to be treated as arising for the purposes of section 23A to 23H of ITTOIA 2005

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