Section 236B — Finance Act 2014: Effect of stop notices

Effect of stop notices 236B 1 A person subject to a stop notice must not promote—

a any arrangements that meet the description specified in the notice or that have a similar form or effect to arrangements of that description, or b any proposal for such arrangements.

2 A person is subject to a stop notice for the purposes of this Part if—

a the person is the recipient of the notice;

b the person is a body corporate or partnership that the recipient of the notice controls or has significant influence over;

c the person controls or has significant influence over a body corporate or partnership that is the recipient of the notice;

d the recipient of the notice makes a relevant transfer to the person.

3 If the recipient of a stop notice controls or has significant influence over a person that is a body corporate or partnership, the recipient must—

a within 5 days of the giving of the notice, give a copy of the notice to that person, and b within 15 days of the giving of the notice, provide HMRC with the information mentioned in subsection (6) in relation to that person.

4 If the recipient of a stop notice is a body corporate or partnership, it must—

a within 5 days of the giving of the notice, give a copy of the notice to each person who controls or has significant influence over it, and b within 15 days of the giving of the notice, provide HMRC with the information mentioned in subsection (6) in relation to each such person.

5 If the recipient of a stop notice makes a relevant transfer to a person, the recipient must—

a before making the transfer, give a copy of the notice to that person, and b within 15 days of making the transfer, provide HMRC with the information mentioned in subsection (6) in relation to that person.

6 The information referred to in subsections (3)(b), (4)(b) and (5)(b) in relation to a person is—

a the person's name;

b any name under which the person carries on a business and any previous name or pseudonym known by the recipient of the stop notice;

c the person's business address or registered office.

7 An authorised officer may give a copy of a stop notice to any person the officer considers the recipient of the notice is obliged to give a copy to as a result of subsection (3)(a), (4)(a) or (5)(a) (but this does not affect the obligation of the recipient to do so).

8 Sub-paragraphs (5) to (11) of paragraph 13A of Schedule 34 (meaning of “ control ” and “ significant influence ”) apply to this section as they apply to Part 2 of that Schedule.

9 In this section “ relevant transfer ” has the meaning it has in paragraph 5 of Schedule 33A (promotion structures).