Paragraph 3 F1

(1)

For the purposes of this Schedule arrangements are “promoted arrangements” in relation to a person if—

(a)

they are relevant arrangements or would be relevant arrangements under the condition stated in sub-paragraph (2), and

(b)

the person is carrying on a business as a promoter and—

(i)

the person is or has been a promoter in relation to the arrangements, or

(ii)

that would be the case if the condition in sub-paragraph (2) were met.

(2)

That condition is that the definition of “tax” in section 283 includes, and has always included, value added tax.

Annotations