The Tax Avoidance Schemes (Promoters and Prescribed Circumstances) Regulations 2004

Persons not to be treated as promoters under section 307(1)(b)(ii)

This section has no associated Explanatory Memorandum

5.  A person is not to be treated as a promoter under section 307(1)(b)(ii) where he is not connected with another person who is a promoter under section 307(1)(a) or (b)(i) in relation to—

(a)the arrangements; or

(b)arrangements which are substantially the same as those arrangements.