The Tax Avoidance Schemes (Promoters and Prescribed Circumstances) (Amendment) Regulations 2015

• Citation: S.I. 2015/945
• Sections: 4

Section 1 Citation and commencement

These Regulations may be cited as the Tax Avoidance Schemes (Promoters and Prescribed Circumstances) (Amendment) Regulations 2015 and come into force on 17th April 2015.

Section 2 Amendment of the Tax Avoidance Schemes (Promoters and Prescribed Circumstances) Regulations 2004

The Tax Avoidance Schemes (Promoters and Prescribed Circumstances) Regulations 2004 are amended as follows.

Section 3 Persons not to be treated as promoters – employees

After paragraph (3) of regulation 3 (persons not to be treated as promoters – employees) insert—

(4) This regulation does not apply where, but for this paragraph, it would result in a duty under section 309 falling on any person.

Section 4 Persons not to be treated as promoters under section 307(1)(b)(ii)

Omit regulation 5 (persons not to be treated as promoters under section 307(1)(b)(ii)).