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Regulation 2 Prescribed descriptions of arrangements in relation to income tax, corporation tax and capital gains tax

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

For the purposes of Part 7, the arrangements specified in the Schedule to these Regulations are prescribed in relation to income tax, corporation tax and capital gains tax.

(2)

Part 1 of the Schedule specifies arrangements connected with employment.

(3)

Part 2 of the Schedule specifies arrangements in relation to financial products.

(4)

If an arrangement—

(a)

would, but for some exemption contained in Part 1 of the Schedule, be notifiable by virtue of a provision in that Part, and

(b)

would be notifiable by virtue of a provision in Part 2 of the Schedule,

it shall not be notifiable under any provision of that Schedule.