Regulation 2 Interpretation : generalI1

This paragraph gives the meaning of the abbreviated references to Acts used in these Regulations—

• “CAA 2001” means the Capital Allowances Act 2001^f1;

• F1“CTA 2009” means the Corporation Tax Act 2009;

• “CTA 2010” means the Corporation Tax Act 2010;

• “FA 2004” means the Finance Act 2004;

• “ICTA” means the Income and Corporation Taxes Act 1988^f2;

• “ITA 2007” means the Income Tax Act 2007;

• “ITEPA 2003” means the Income Tax (Earnings and Pensions) Act 2003^f3;

• “ITTOIA 2005” means the Income Tax (Trading and Other Income) Act 2005^f4;

• “TCGA 1992” means the Taxation of Chargeable Gains Act 1992^f5.

In these Regulations—

• “business” has the meaning given by regulation 3;

• F2“generally accepted accounting practice” has the meaning given by section 1127 of CTA 2010;

• F3“HMRC” means Her Majesty’s Revenue and Customs

• “the Information Regulations” means the Tax Avoidance Schemes (Information) Regulations 2004^f6;

• F4“the material date” means whichever of the following is applicable—

  1. (a)

     for a proposal notifiable under section 308(1) of FA 2004, the relevant date (as defined in section 308(2) of FA 2004);

  2. (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

  3. (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;

• F5...

• “plant or machinery lease” has the meaning given by F6section 70K CAA 2001;

• “the Promoters Regulations” means the Tax Avoidance Schemes (Promoters and Prescribed Circumstances) Regulations 2004^f7;

• “small or medium-sized enterprise” has the meaning given by regulation 4;.

For the purposes of these Regulations section 839 of ICTA^f8 applies to determine whether persons are connected.