SCHEDULES
F1SCHEDULE 11ADisclosure of avoidance Schemes
Meaning of “notifiable scheme”
5
(1)
For the purposes of this Schedule, a scheme is a “notifiable scheme”if—
(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.