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.