Regulation 3 Amendment of the Tax Avoidance Schemes (Prescribed Description of Arrangements) Regulations 2006

(1)

Regulation 2 (interpretation: general) is amended as follows.

(2)

In paragraph (1) insert the following definitions in the appropriate places—

““CTA 2009” means the Corporation Tax Act 2009^f1;”,

““CTA 2010” means the Corporation Tax Act 2010^f2;”, and

““ITA 2007” means the Income Tax Act 2007^f3;”.

(3)

In paragraph (2) after the definition of “business” insert—

““generally accepted accounting practice” has the meaning given by section 1127 of CTA 2010;”.

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