The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2007

The Tax Avoidance Schemes (Promoters and Prescribed Circumstances) Regulations 2004

18.—(1) The Tax Avoidance Schemes (Promoters and Prescribed Circumstances) Regulations 2004(1) apply to notifiable contribution arrangements and notifiable contribution proposals as they apply to income tax with the following modifications and any reference in those Regulations to sections 306 to 313 shall be construed as a reference to the corresponding provision of these Regulations (see regulation 4(2)).

(2) In regulation 1 (citation, commencement and interpretation) for paragraph (2) substitute—

“(2) In these Regulations—

“notifiable contribution arrangements” and “notifiable contribution proposal” have the meanings given by section 132A(3) of the Social Security Administration Act 1992.”.

(3) In regulation 4 (persons not to be treated as promoters under section 307(1)(a)(i) or (b)(i))—

(a) for “tax advice” wherever it occurs substitute “contribution advice”; and

(b) for “tax advantage” wherever it occurs substitute “advantage”.

(4) In regulation 6 (legal professional privilege) for “section 314” substitute “section 132A(6) of the Social Security Administration Act 1992”.

(1)

S.I. 2004/1865 as amended by regulation 2 of S.I. 2004/2613.