Taxation (International and Other Provisions) Act 2010 section 312

Meaning of "scheme" and "excluded scheme"

Section 312 defined the terms "scheme" and "excluded scheme" for the purposes of Part 7 of the Act, which dealt with tax arbitrage. This section has been repealed.

• Section 312 provided definitions of "scheme" and "excluded scheme" used within the tax arbitrage provisions of Part 7
• The entire Part 7 of the Taxation (International and Other Provisions) Act 2010 was repealed by Finance (No. 2) Act 2017
• The repeal took effect for periods of account of worldwide groups beginning on or after 1 April 2017
• The corporate interest restriction rules introduced by Finance (No. 2) Act 2017 replaced the former provisions