# The Indirect Taxes (Notifiable Arrangements) Regulations 2017, Regulation 13: Standardised tax products

Extent: E+W+S+N.I.

(1) An arrangement which meets the following description is a notifiable arrangement.
(2) A promoter of the arrangement makes it available for implementation by more than one other person.
(3) It might reasonably be concluded by a person who has studied the arrangement and who has had regard to all relevant circumstances that conditions 1 to 3 are met.
(4) Condition 1 is that the arrangement has standardised or substantially standardised documentation—
(a) the purpose of which is to enable a person other than the promoter to implement the arrangement;
(b) the form of which is determined by the promoter; and
(c) the substance of which does not need to be tailored to any material extent to enable a person to implement the arrangement.
(5) Condition 2 is that—
(a) a person who intends to implement the arrangement must enter into a specific transaction or series of specific transactions; and
(b) the transaction or series of transactions is standardised or substantially standardised in form.
(6) Condition 3 is that—
(a) the main purpose of the arrangement is to enable a person to obtain a tax advantage; or
(b) it is unlikely that a person would enter into the arrangement were it not that the person or another person may obtain a tax advantage.

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Source: https://www.legislation.gov.uk/uksi/2017/1216/regulation/13 (the official version)
Page: https://openlegislation.uk/indirect-taxes-notifiable-arrangements-regulations-2017/regulation-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.