SCHEDULES
F1SCHEDULE 11ADisclosure of avoidance Schemes
Designation by order of avoidance schemes
3
1
If it appears to the Treasury—
a
that a scheme of a particular description has been, or might be, entered into for the purpose of enabling any person to obtain a tax advantage, and
b
that it is unlikely that persons would enter into a scheme of that description unless the main purpose, or one of the main purposes, of doing so was the obtaining by any person of a tax advantage,
the Treasury may by order designate that scheme for the purposes of this paragraph.
2
A scheme may be designated for the purposes of this paragraph even though the Treasury are of the opinion that no scheme of that description could as a matter of law result in the obtaining by any person of a tax advantage.
3
The order must allocate a reference number to each scheme.
4
In this Schedule “designated scheme” means a scheme of a description designated for the purposes of this paragraph.
Sch. 11A inserted (22.7.2004 for specified purposes, 1.8.2004 in so far as not already in force) by Finance Act 2004 (c. 12), s. 19(2), Sch. 2 para. 2; S.I. 2004/1934, art. 2