Statutory Instruments
2006 No. 1544
INCOME TAX
CORPORATION TAX
CAPITAL GAINS TAX
The Tax Avoidance Schemes (Information) (Amendment) Regulations 2006
Made
15th June 2006
Laid before the House of Commons
15th June 2006
Coming into force
1st August 2006
Citation and commencement
1. These Regulations may be cited as the Tax Avoidance Schemes (Information) (Amendment) Regulations 2006 and shall come into force on 1st August 2006.
Amendment of the Tax Avoidance Schemes (Information) Regulations 2004
2. The Tax Avoidance Schemes (Information) Regulations 2004( 3 ) are amended as follows.
3. In regulation 2 (interpretation), in the definition of “the Arrangements Regulations” for “Regulations 2004” substitute “Regulations 2006”.
4. —(1) Amend regulation 4 (time for providing information under section 308, 309, 310 or 312) as follows.
(2) In paragraph (5) for the words from “during the period—” to “in accordance with regulation 8” substitute—
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“ during the period of 30 days beginning with the day after that on which the person enters into the first transaction forming part of the notifiable arrangements. ” .
5. Omit regulation 6 (time for providing information: transitional provision).
6. —(1) Amend regulation 8(6) as follows.
(2) Omit “falling within Part 1 of the Schedule to the Arrangements Regulations”.
(3) After “notified to the Board” add “on a return in such form as they may specify”.
(4) Omit sub-paragraphs (a) and (b).
David Varney
Paul Gray
Two of the Commissioners for Her Majesty’s Revenue and Customs
15th June 2006
2004 c. 12 . Section 318(1) is cited for definition it contains of “prescribed”
The functions of the Commissioners of Inland Revenue were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(2) of the Commissioners for Revenue and Customs Act 2005 (c. 11) . Section 50 of that Act provides that, in so far as it is appropriate in consequence of section 5, a reference, however expressed, to the Commissioners of Inland Revenue is to be read as a reference to the Commissioners for Her Majesty’s Revenue and Customs.