{
  "url": "https://openlegislation.uk/tax-avoidance-schemes-prescribed-descriptions-of-arrangements-regulations-2004/note",
  "json_url": "https://openlegislation.uk/tax-avoidance-schemes-prescribed-descriptions-of-arrangements-regulations-2004/note.json",
  "legislation": "uksi/2004/1863",
  "legislation_title": "The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2004",
  "legislation_url": "https://openlegislation.uk/tax-avoidance-schemes-prescribed-descriptions-of-arrangements-regulations-2004",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations prescribe arrangements, which are such that their main benefit or one of the main benefits which might be expected to arise from them is the obtaining of a tax advantage, and which a promoter is required to notify to the Inland Revenue.\nRegulation 1 provides for the citation and commencement of these Regulations, and the definition of certain terms used in them.\nRegulation 2 introduces the Schedule to the Regulations. The Schedule prescribes certain arrangements which must be notified to the Inland Revenue under Part 7 of the Finance Act 2004. Part 1 of the Schedule prescribes arrangements connected with employment and Part 2 prescribes arrangements connected with financial products.\nThese Regulations impose new costs on business. A regulatory impact assessment in respect of the effects of the Finance Act 2004 prepared by the Inland Revenue was published on 8th April 2004 and is available on the Inland Revenue website (www.inlandrevenue.gov.uk).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2004/1863/note",
    "retrieved_at": "2026-10-29T05:22:23.242735+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}