Legislation – Finance Act 2026

Finance Act 2026, Section 218 is up to date with all changes known to be in force on or before 18 April 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

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Pt. 15 excluded by S.I. 2026/331 reg. 19

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Pt. 15 excluded by S.I. 2026/331 reg. 19

Part 6Avoidance

Chapter 4Miscellaneous

Disclosure of tax avoidance schemes: consequences for failure to comply

218Consequential amendments

(1)

In paragraph 5 of Schedule 34 to FA 2014 (promoters of tax avoidance schemes: threshold conditions)—

(a)

in sub-paragraph (3)(a), for “the tribunal” substitute “an authorised officer”;

(b)

in sub-paragraph (4)(a)—

(i)

at the beginning insert “on appeal,”;

(ii)

for “section 118(2) of TMA 1970” substitute “section 315D(1) of FA 2004”;

(c)

for sub-paragraph (6) substitute—

“(6)

For the purposes of this paragraph—

“appeal period” means—

(a)

the period during which an appeal could be brought against the determination of an authorised officer or the tribunal, as applicable, or

(b)

where an appeal mentioned in paragraph (a) has been brought, the period during which that appeal has not been finally determined, withdrawn or otherwise disposed of;

“authorised officer” means an officer of Revenue and Customs who is, or is a member of a class of officers who are, authorised by HMRC for the purposes of the provision concerned.”.

(2)

In paragraph 5 of Schedule 13 to FA 2020 (joint and several liability of company directors), for sub-paragraph (6)(a) substitute—

“(a)

sections 315 and 315A of FA 2004 (penalties for non-disclosure of tax avoidance schemes);”.

(3)

In section 132A(2) of the Social Security Administration Act 1992 (disclosure of contributions avoidance arrangements)—

(a)

in paragraph (a), at the end insert “or to a penalty under that Part”;

(b)

in paragraph (b)—

(i)

for “section 98C of the Taxes Management Act 1970 (penalties for failure to comply with Part 7 of the Finance Act 2004) and any other” substitute “any”;

(ii)

for “that section” substitute “Part 7 of the Finance Act 2004”.

(4)

In FA 2022—

(a)

in section 90(3) (freezing orders: interpretation etc)—

(i)

omit paragraph (a);

(ii)

omit paragraph (d);

(b)

in Schedule 13 (penalties for facilitating avoidance schemes involving non-resident promoters), in paragraph 1(4), for paragraph (a) substitute—

“(a)

section 315 or 315A of FA 2004 (disclosure of tax avoidance schemes);”.