- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
58(1)In this Schedule—
“arrangements” has the meaning given by paragraph 2(6);
“the Commissioners” means the Commissioners for Her Majesty’s Revenue and Customs;
“contract settlement” means an agreement in connection with a person’s liability to make a payment to the Commissioners under or by virtue of an enactment;
“disclosable VAT arrangements” is to be interpreted in accordance with paragraph 9;
“DOTAS arrangements” is to be interpreted in accordance with paragraph 8 (and see also paragraph 57(2));
“HMRC” means Her Majesty’s Revenue and Customs;
“national insurance contributions” means contributions under Part 1 of the Social Security Contributions and Benefits Act 1992 or Part 1 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992;
“net income” has the meaning given by section 23 of ITA 2007 (see Step 2 of that section);
“partnership follower notice” has the meaning given by paragraph 2(2) of Schedule 31 to FA 2014;
“partnership return” means a return under section 12AA of TMA 1970;
“relevant contributions” means the following contributions under Part 1 of the Social Security Contributions and Benefits Act 1992 or Part 1 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992—
Class 1 contributions;
Class 1A contributions;
Class 1B contributions;
Class 2 contributions which must be paid but in relation to which section 11A of the Act in question (application of certain provisions of the Income Tax Acts in relation to Class 2 contributions under section 11(2) of that Act) does not apply;
“relevant defeat” is to be interpreted in accordance with paragraph 11;
“tax” has the meaning given by paragraph 4;
“tax advantage” has the meaning given by paragraph 7;
“warning notice” has the meaning given by paragraph 2.
(2)In this Schedule an expression used in relation to VAT has the same meaning as in VATA 1994.
(3)In this Schedule (except where the context requires otherwise) references, however expressed, to a person’s affairs in relation to tax include the person’s position as regards deductions or repayments of, or of sums representing, tax that the person is required to make by or under an enactment.
(4)For the purposes of this Schedule a partnership return is regarded as made on the basis that a particular tax advantage arises to a person from particular arrangements if—
(a)it is made on the basis that an increase or reduction in one or more of the amounts mentioned in section 12AB(1) of TMA 1970 (amounts in the partnership statement in a partnership return) results from those arrangements, and
(b)that increase or reduction results in that tax advantage for the person.
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: