Regulation 4 Amendment of the Tax Avoidance Schemes (Prescribed Description of Arrangements) Regulations 2006

Regulation 5 (prescribed descriptions of arrangements)^f1 is amended as follows.

For paragraph (1) substitute—

“(1)

The following arrangements are prescribed for the purposes of Part 7 of the FA 2004 (disclosure of tax avoidance schemes)—

(a)

in relation to income tax, corporation tax and capital gains tax, any arrangements which fall within any description specified in a provision of these Regulations listed in paragraph (2);

(b)

in relation to inheritance tax, any arrangements which fall within any description specified in a provision of these Regulations listed in paragraph (2)(a) or (c).”

In paragraph (2)—