(1) The Principal Act is amended in section 1077E by inserting the following after subsection (15):

"(15A)

(a) In this subsection -

'Directive' means Council Directive 2011/16/EU [OJ No. L64, 11.3.2011, p.1] on administrative cooperation in the field of taxation as amended by Council Directive 2014/107/EU of 9 December 2014 [OJ No. L359, 16.12.2014, p.1] as regards mandatory automatic exchange of information in the field of taxation;

'liability to tax or duty' means, as the case may be, a liability to tax (within the meaning of subsection (1) of this section and that subsection as applied to the Capital Acquisitions Tax Consolidation Act 2003 by section 58(9)(b) of that Act), a liability to tax within the meaning of section 116(1) of the Value-Added Tax Consolidation Act 2010 or a liability to duty within the meaning of section 134A(1) of the Stamp Duties Consolidation Act 1999;

'offshore matters' means any one or more of the following -

(i) a relevant account held or situated,

(ii) relevant income or gains arising from a source or accruing, as the case may be,

(iii) relevant property situated, or

(iv) any income, gains, accounts or assets, other than those referred to in paragraphs (i) to (iii), arising from a source, accruing, held or situated, as the case may be,