# The Tax Avoidance Schemes (Information) (Amendment) Regulations 2006, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend regulation 4 of the Tax Avoidance Schemes (Information) Regulations 2004 (S.I. 2004/1864).
Regulation 1 provides for the citation and commencement of this instrument.
Regulation 2 introduces amendments to the 2004 Regulations.
Regulation 4 amends regulation 4 of the 2004 Regulations by providing that the period within which prescribed arrangements in connection with tax avoidance schemes are to be notified to the Commissioners for Her Majesty’s Revenue and Customs under section 310 of the Finance Act 2004 (c. 12) is 30 days from the date of the first transaction which forms part of the arrangements.
Regulations 3 and 6 make amendments respectively to regulations 2 and 8 of the 2004 Regulations consequential upon the replacement of the Tax Avoidance (Prescribed Description of Arrangements) Regulations 2004 by the Tax Avoidance (Prescribed Description of Arrangements) Regulations 2006.
Regulation 5 deletes regulation 6 of the 2004 Regulations, which is spent.
A regulatory impact assessment had been prepared in respect of these Regulations and is available on the website of HM Revenue and Customs at www.hmrc.gov.uk/ria/#full.

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Source: https://www.legislation.gov.uk/uksi/2006/1544/note (the official version)
Page: https://openlegislation.uk/tax-avoidance-schemes-information-amendment-regulations-2006/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.