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Amendment of section 811C of Principal Act (transactions to avoid liability to tax)
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93. Section 811C of the Principal Act is amended, in subsection (4), by the substitution of the following paragraph for paragraph (a):
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“(a) Where a person—
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(i) submits any return, declaration, statement or account or makes any claim which purports to obtain, or
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(ii) takes or fails to take any other action which, directly or indirectly, purports to obtain,
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the benefit of a tax advantage arising out of or by reason of a tax avoidance transaction, a Revenue officer may at any time deny or withdraw the tax advantage.”.
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