SCHEDULES

SCHEDULE 17 Disclosure of tax avoidance schemes: VAT and other indirect taxes

PART 4 Supplemental

Interpretation

57 In this Schedule—

• “arrangements” includes any scheme, transaction or series of transactions;

• “the Commissioners” means the Commissioners for Her Majesty’s Revenue and Customs;

• “company” has the meaning given by section 1121 of the Corporation Tax Act 2010;

• “HMRC” means Her Majesty’s Revenue and Customs;

• “indirect tax” has the meaning given by paragraph 2(1);

• “introducer” is to be construed in accordance with paragraph 9;

• “makes a firm approach” has the meaning given by paragraph 10(1);

• “makes a marketing contact” has the meaning given by paragraph 10(2);

• “marketing contact” has the meaning give by paragraph 10(2);

• “notifiable arrangements” has the meaning given by paragraph 3(1);

• “notifiable proposal” has the meaning given by paragraph 3(3);

• “prescribed” (except in or in references to paragraph 3(1)(a)), means prescribed by regulations made by HMRC;

• “promoter” is to be construed in accordance with paragraph 8;

• “reference number”, in relation to notifiable arrangements, has the meaning given by paragraph 22(4);

• “TCEA 2007” means the Tribunals, Courts and Enforcement Act 2007;

• “tax advantage” means a tax advantage within the meaning of—

  (a)

  paragraph 6 (in relation to VAT), or

  (b)

  paragraph 7 (in relation to indirect taxes other than VAT);

• “trade” includes every venture in the nature of a trade;

• “tribunal” means the First-tier tribunal, or where determined by or under Tribunal Procedure Rules, the Upper Tribunal;

• “working day” means a day which is not a Saturday or a Sunday, Christmas Day, Good Friday or a bank holiday under the Banking and Financial Dealings Act 1971 in any part of the United Kingdom.