http://www.legislation.gov.uk/id/ukpga/2009/10

SCHEDULES

SCHEDULE 15Tax treatment of financing costs and income

Part 6Anti-avoidance

Meaning of “scheme” and “excluded scheme”

53 (1)

For the purposes of this Part “scheme” includes any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving a single transaction or two or more transactions.

(2)

For the purposes of this Part a scheme is “excluded” if it is of a description specified in regulations made by the Commissioners.

(3)

Regulations under sub-paragraph (2) may make different provision for different purposes.