# The Tax Avoidance Schemes (Information) Regulations 2004, Regulation 5: Statutory clearances


(1) If—
(a) a promoter must provide information under subsection (1) of section 308;
(b) the relevant date by reference to which he must provide that information is that referred to in subsection (2)(a) of that section; and
(c) he reasonably expects to make an application on behalf of a client under any of the provisions listed in paragraph (3) (“a clearance application”);
the prescribed period is that beginning with the day after the relevant date and ending with the applicable date.
(2) The applicable date is—
(a) the date on which the first transaction occurs in pursuance of the arrangements, or
(b) if the promoter ceases to hold the reasonable expectation referred to in paragraph (1)(c) 5 days after he ceases to hold it.
(3) The provisions are—
(a) sections 215, 225, 444A and 707 of the Income and Corporation Taxes Act 1988; and
(b) sections 138, 139, 140B and 140D of the Taxation of Chargeable Gains Act 1992.

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Source: https://www.legislation.gov.uk/uksi/2004/1864/regulation/5 (the official version)
Page: https://openlegislation.uk/tax-avoidance-schemes-information-regulations-2004/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.