[F15(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.]
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