Paragraph 12 “Tax advantage” in relation to income tax or corporation tax

United Kingdom

For the purposes of this Part, a “tax advantage” in relation to income tax or corporation tax includes—

(a)

a relief or increased relief from tax;

(b)

repayment or increased repayment of tax;

(c)

avoidance or reduction of a charge to tax or an assessment to tax;

(d)

avoidance of a possible assessment to tax;

(e)

deferral of a payment of tax or advancement of a repayment of tax;

(f)

avoidance of an obligation to deduct or account for tax.