Section 250 — Finance Act 2014: Allocation of promoter reference number

Allocation of promoter reference number 250 1 Where a monitoring notice is given to a person (“the monitored promoter”) HMRC must as soon as practicable after the end of the appeal period—

a allocate the monitored promoter a reference number, and b notify the relevant persons of that number. 2 “ Relevant persons ” means—

a the monitored promoter, ... aa any person who HMRC know falls within the case described in paragraph 3 of Schedule 33A by virtue of acting under the instruction or guidance of the monitored promoter, and b if the monitored promoter is resident outside the United Kingdom, any person who HMRC know is an intermediary in relation to a relevant proposal of the monitored promoter.

3 The “ appeal period ” means—

a the period during which an appeal could be brought against the approval by the tribunal of the giving of the monitoring notice, 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mentioned in paragraph (a) has been brought, the period during which that appeal has not been finally determined, withdrawn or otherwise disposed of.

4 The duty in subsection (1) does not apply if the monitoring notice is set aside following an appeal.

5 A number allocated to a person under this section is referred to in this Part as a “ promoter reference number ”.

6 Where the monitoring notice mentioned in subsection (1) is a replacement monitoring notice—

a in subsection (1) the reference to the end of the appeal period is to be read as a reference to whichever is the later of the end of the appeal period for the original monitoring notice and the date the replacement monitoring notice takes effect, and b in subsection (4) the reference to the monitoring notice is to be read as a reference to the original monitoring notice.