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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the Tax Avoidance Schemes (Information) Regulations 2004 (S.I. 2004/1864 (“the principal Regulations”).

Regulation 1 provides for the citation, commencement, effect and interpretation.

Regulation 2 introduces the amendments to the Principal Regulations.

Regulations 3 to 6 contain the amendments.

The Stamp Duty Land Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2005 (S.I.2005 No. 1868) prescribe arrangements relating to stamp duty land tax which a promoter is required to notify to HM Revenue & Customs.

These Regulations amend the principal regulations and prescribe the information which is to be given to HM Revenue & Customs under Part 7 of the Finance Act 2004 (c. 12) under the principal Regulations in respect of stamp duty land tax avoidance schemes.

These Regulations impose new costs on business. A regulatory impact assessment was published on the 6th July 2005 and is available on HM Revenue & Customs website at www.hmce.gov.uk).