Finance Act 2013 (c. 29)

PART 5 U.K. General anti-abuse rule

Modifications etc. (not altering text)

C1 Pt. 5 extended (with effect in accordance with s. 10(7) of the amending Act) by National Insurance Contributions Act 2014 (c. 7), s. 10(1) (with s. 10(7))

214 Interpretation of Part 5 U.K.

[F1 (1) In this Part—

• “abusive”, in relation to tax arrangements, has the meaning given by section 207(2) to (6);

• “arrangements” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable);

• “the Commissioners” means the Commissioners for Her Majesty's Revenue and Customs;

• [F2 “designated HMRC officer” has the meaning given by paragraph 2 of Schedule 43;”.]

• “the GAAR Advisory Panel” has the meaning given by paragraph 1 of Schedule 43;

• “the general anti-abuse rule” has the meaning given by section 206;

• “HMRC” means Her Majesty's Revenue and Customs;

• [F2 “notice of binding” has the meaning given by paragraph 2(2) of Schedule 43A;

• [F3 “notified adjustments”, in relation to a provisional counteraction notice, has the meaning given by section 209A(2);]

• [F2 “pooling notice” has the meaning given by paragraph 1(4) of Schedule 43A;]

• [F3 “provisional counteraction notice” has the meaning given by section 209A(2);]

• “tax advantage” has the meaning given by section 208;

• [F2 “tax appeal” has the meaning given by paragraph 1A of Schedule 43;]

• “tax arrangements” has the meaning given by section 207(1).]

• [F2 “tax enquiry” has the meaning given by section 202(2) of FA 2014.]

[F4 (2) In this Part references to any “opinion of the GAAR Advisory Panel” about any tax arrangements are to be interpreted in accordance with paragraph 11(5) of Schedule 43.

(3) In this Part references to tax arrangements which are “equivalent” to one another are to be interpreted in accordance with paragraph 11 of Schedule 43A.]]

Textual Amendments

F1 S. 214(1): s. 214 renumbered (15.9.2016) as s. 214(1) (with effect in accordance with s. 157(30) of the amending Act) by Finance Act 2016 (c. 24), s. 157(8)

F2 Words in s. 214(1) inserted (15.9.2016) (with effect in accordance with s. 157(30) of the amending Act) by Finance Act 2016 (c. 24), s. 157(9)

F3 Words in s. 214(1) inserted (15.9.2016) (with effect in accordance with s. 156(3) of the amending Act) by Finance Act 2016 (c. 24), s. 156(2)

F4 S. 214(2)(3) inserted (15.9.2016) (with effect in accordance with s. 157(30) of the amending Act) by Finance Act 2016 (c. 24), s. 157(10)