Paragraph 19 I1
For the purposes of any enactment none of the following persons are to be regarded as shadow directors of a transferor or transferee in relation to anything done by or under a transfer scheme—
(a)
the Secretary of State or the Treasury (or a nominee of either of them), or
(b)
a person employed by, or acting on behalf of, anyone within paragraph (a).
Annotations
Commencement
- I1
Sch. 1 para. 19 in force at 1.10.2011 by S.I. 2011/2329, art. 3