SCHEDULES
SCHEDULE 22Prevention of exploitation of Schedule 20 to Finance Act 1994
Part IVInterpretation
General
21
1
In this Schedule “turnover”, in relation to a trade, profession or vocation, means the amounts derived from the provision of goods or services falling within its ordinary activities, after deduction of trade discounts and value added tax.
2
Obtaining a tax advantage shall not be regarded as a bona fide commercial reason for the purposes of this Schedule.