This section has no associated Explanatory Notes
[F111(1)F2... Tax arrangements are “equivalent” to one another if they are substantially the same as one another having regard to—U.K.
(a)their substantive results,
(b)the means of achieving those results, and
(c)the characteristics on the basis of which it could reasonably be argued, in each case, that the arrangements are abusive tax arrangements under which a tax advantage has arisen to a person.]
Textual Amendments
F1Sch. 43A inserted (15.9.2016 with effect in accordance with s. 157(30) of the amending Act) by Finance Act 2016 (c. 24), s. 157(2)
F2Words in Sch. 43A para. 11 omitted (22.7.2020) by virtue of Finance Act 2020 (c. 14), Sch. 14 para. 8