[F1209ACSections 209AA [F2to 209ABA]: definitionsU.K.
(1)In sections 209AA [F3to 209ABA]—
“final GAAR counteraction notice” means a notice given under—
(a)paragraph 12 of Schedule 43,
(b)paragraph 8 or 9 of Schedule 43A, or
(c)paragraph 8 of Schedule 43B,
“GAAR procedural requirements” means the procedural requirements of Schedule 43, 43A [F4, 43B, or (as the case may be) 43D],
“lesser adjustments” means adjustments specified in the final GAAR counteraction notice which assume a smaller tax advantage than was assumed in the protective GAAR notice or (as the case may be) the Schedule 43 or 43A notice [F5(within the meaning of section 209AB) or the Schedule 43D notice (within the meaning of section 209ABA)], and
“ordinary assessing time limit”, in relation to any adjustments, means the time limit imposed by or under any enactment other than this Part for the making of the adjustments.
(2)Expressions which are used in section 202 of FA 2014 (“tax enquiry”, and its being “in progress”, and “return”) have the same meaning in sections 209AA [F6to 209ABA] as they have in that section (and references to completing a tax enquiry are to be read accordingly).]
Textual Amendments
F1S. 209AC inserted (22.7.2020) by Finance Act 2020 (c. 14), Sch. 14 para. 5
F2Words in s. 209AC heading substituted (with effect in accordance with s. 124(2) of the amending Act) by Finance Act 2021 (c. 26), Sch. 32 para. 5(2)
F3Words in s. 209AC(1) substituted (with effect in accordance with s. 124(2) of the amending Act) by Finance Act 2021 (c. 26), Sch. 32 para. 5(3)(a)
F4Words in s. 209AC(1) substituted (with effect in accordance with s. 124(2) of the amending Act) by Finance Act 2021 (c. 26), Sch. 32 para. 5(3)(b)
F5Words in s. 209AC(1) inserted (with effect in accordance with s. 124(2) of the amending Act) by Finance Act 2021 (c. 26), Sch. 32 para. 5(3)(c)
F6Words in s. 209AC(2) substituted (with effect in accordance with s. 124(2) of the amending Act) by Finance Act 2021 (c. 26), Sch. 32 para. 5(4)