[F1Meaning of “notifiable scheme”U.K.
Textual Amendments
F1Sch. 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
5(1)For the purposes of this Schedule, a scheme is a “notifiable scheme”if—U.K.
(a)it is a designated scheme, or
(b)although it is not a designated scheme, conditions A and B below are met in relation to it.
(2)Condition A is that the scheme includes, or is associated with, a provision of a description designated under paragraph 4.
(3)Condition B is that the scheme has as its main purpose, or one of its main purposes, the obtaining of a tax advantage by any person.]