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14.—(1) This regulation applies where a person (the “client”) to whom a person who is a promoter in relation to notifiable contribution arrangements or a notifiable contribution proposal is providing (or has provided) services in connection with the notifiable contribution arrangements or notifiable contribution proposal receives prescribed information relating to the reference number allocated to—
(a)the notifiable contribution arrangements,
(b)the notifiable contribution proposal, or
(c)proposed notifiable arrangements, or notifiable arrangements, which are substantially the same as the notifiable contribution proposal or notifiable contribution arrangements.
(2) The client must, within the prescribed period, provide the prescribed information relating to the reference number to any other person—
(a)who the client might reasonably be expected to know is or is likely to be a party to the arrangements or proposed arrangements, and
(b)who might reasonably be expected to gain an advantage by reason of the arrangements or proposed arrangements.
(3) HMRC may give notice that, in relation to notifiable contribution arrangements or a notifiable contribution proposal specified in the notice, persons are not under the duty under paragraph (2) after the date specified in the notice.
(4) The duty under paragraph (2) does not apply in the prescribed circumstances.
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