{
  "url": "https://openlegislation.uk/tax-avoidance-schemes-prescribed-descriptions-of-arrangements-regulations-2006/regulation-2",
  "json_url": "https://openlegislation.uk/tax-avoidance-schemes-prescribed-descriptions-of-arrangements-regulations-2006/regulation-2.json",
  "legislation": "uksi/2006/1543",
  "legislation_title": "The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/tax-avoidance-schemes-prescribed-descriptions-of-arrangements-regulations-2006",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation : general",
  "text": "(1) This paragraph gives the meaning of the abbreviated references to Acts used in these Regulations—\n“CAA 2001” means the Capital Allowances Act 2001;\n“CTA 2009” means the Corporation Tax Act 2009;\n“CTA 2010” means the Corporation Tax Act 2010;\n“FA 2004” means the Finance Act 2004;\n“ICTA” means the Income and Corporation Taxes Act 1988;\n“ITA 2007” means the Income Tax Act 2007;\n“ITEPA 2003” means the Income Tax (Earnings and Pensions) Act 2003;\n“ITTOIA 2005” means the Income Tax (Trading and Other Income) Act 2005;\n“TCGA 1992” means the Taxation of Chargeable Gains Act 1992.\n(2) In these Regulations—\n“business” has the meaning given by regulation 3;\n“generally accepted accounting practice” has the meaning given by section 1127 of CTA 2010;\n“HMRC” means Her Majesty’s Revenue and Customs\n“the Information Regulations” means the Tax Avoidance Schemes (Information) Regulations 2004;\n“the material date” means whichever of the following is applicable—\n(a)for a proposal notifiable under section 308(1) of FA 2004, the relevant date (as defined in section 308(2) of FA 2004);\n(b)for arrangements notifiable under section 308(3) of FA 2004, the date the promoter first becomes aware of any transaction forming part of the notifiable arrangements; or\n(c)for arrangements notifiable under section 309 or 310 of FA 2004, the date the person enters into any transaction forming part of the notifiable arrangements;\n...\n“plant or machinery lease” has the meaning given by section 70K CAA 2001;\n“the Promoters Regulations” means the Tax Avoidance Schemes (Promoters and Prescribed Circumstances) Regulations 2004;\n“small or medium-sized enterprise” has the meaning given by regulation 4;.\n(3) For the purposes of these Regulations section 839 of ICTA applies to determine whether persons are connected.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 2(1) inserted (23.2.2016) by The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations 2016 (S.I. 2016/99), regs. 1(1), 3(2) (with reg. 1(2))"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 2(2) inserted (23.2.2016) by The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations 2016 (S.I. 2016/99), regs. 1(1), 3(3) (with reg. 1(2))"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 2(2) inserted (1.1.2011) by The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations 2010 (S.I. 2010/2834), regs. 1, 3(2)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in reg. 2(2) inserted (1.1.2011) by The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations 2010 (S.I. 2010/2834), regs. 1, 3(3)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in reg. 2(2) omitted (1.1.2011) by virtue of The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations 2010 (S.I. 2010/2834), regs. 1, 3(4)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in reg. 2(2) substituted (1.1.2011) by The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations 2010 (S.I. 2010/2834), regs. 1, 3(5)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 2 in force at 1.8.2006, see reg. 1(1)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "2001 c. 2."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1988 c. 1."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "2003 c. 1."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "2005 c. 5."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "1992 c. 12."
    },
    {
      "type": "footnote",
      "label": "f6",
      "text": "S.I. 2004/1864, amended by S.I. 2005/1869."
    },
    {
      "type": "footnote",
      "label": "f7",
      "text": "S.I. 2004/1865, amended by regulation 2 of S.I. 2004/2613."
    },
    {
      "type": "footnote",
      "label": "f8",
      "text": "Section 839 was amended by paragraph 20 of Schedule 17 to the Finance Act 1995 (c. 4) and by paragraph 340 of Schedule 1 to the Income Tax (Trading and Other Income) Act 2005."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/1543/regulation/2",
    "retrieved_at": "2026-10-29T04:27:26.898694+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."
}