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Regulation 7 Amendment of the Tax Avoidance Schemes (Prescribed Description of Arrangements) Regulations 2006

Original text. Later amendments are not shown.

(1)

Regulation 11 (arrangements excepted from Description 5) is amended as follows.

(2)

Omit paragraph (1).

(3)

In paragraph (2)—

(a)

for “The arrangements referred to in paragraph (1)(a) are” substitute “The following arrangements are excepted from being prescribed under regulation 10”;

(b)

in sub-paragraph (b) for “Chapter 3 of Part 7 of ICTA 1988 and Schedules 5B and 5BA” substitute “Part 5 of ITA 2007 and Schedule 5B”;

(c)

in sub-paragraph (c) for “section 842AA of, and Schedule 15B to, ICTA 1988” substitute “Part 6 of ITA 2007”;

(d)

after sub–paragraph (n) insert—

“(o)

arrangements which would be prescribed by regulation 19 but for regulation 21.”