Regulation 2 Interpretation

In the Regulations—

• “the Act” means the Finance Act 2004, and a reference to a numbered section (without more) is a reference to the section of the Act which is so numbered;

• “the Arrangements Regulations” means the Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2004^f1;

• “corporation tax” shall be construed in accordance with section 318(1);

• “employment” has the same meaning as it has for the purposes of the employment income Parts of the Income Tax (Earnings and Pensions) Act 2003^f2 (see section 4 of that Act) and includes offices to which the provisions of those Parts that are expressed to apply to employments apply equally (see section 5 of that Act); and “employee” and “employer” have corresponding meanings;

• “notifiable arrangements” has the meaning given by section 306(1);

• “notifiable proposal” has the meaning given by section 306(2);

• “promoter” has the meaning given by section 307;

• “the prescribed taxes” means capital gains tax, corporation tax and income tax;

• “the relevant date” has the meaning given by section 308(2).