SCHEDULES

SCHEDULE 18 U.K.Serial tax avoidance

Modifications etc. (not altering text)

C1 Sch. 18 modified (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by 1994 c. 23, Sch. 9ZA para. 79 (as inserted by Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 2 para. 2 (with s. 3(4), Sch. 2 para. 7(7)-(10)); S.I. 2020/1642, reg. 9)

PART 2 U.K.Entry into the regime and basic concepts

“Relevant defeat” U.K.

11 (1) A person (“P”) incurs a “relevant defeat” in relation to arrangements if any of Conditions A to [F1 F] is met in relation to P and the arrangements. U.K.

(2) The relevant defeat is incurred when the condition in question is first met.

Textual Amendments

F1 Sch. 18 para. 11(1): "F" substituted for "E" (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by Finance (No. 2) Act 2017 (c. 32), s. 66(4), Sch. 17 para. 55(9)