Value Added Tax Act 1994 Schedule 11A paragraph 1

Interpretation

Schedule 11A paragraph 1 defines the key terms used throughout the schedule dealing with disclosure of VAT avoidance schemes.

• A "scheme" is broadly defined to include any arrangements, transaction, or series of transactions — not just formal, named schemes.
• "Designated scheme" and "notifiable scheme" are specific categories of scheme defined elsewhere in the schedule, each carrying particular disclosure obligations.
• "Non-deductible tax" relates to the portion of input VAT that a taxable person cannot recover, as further explained in the schedule.
• "Tax advantage" has a specific meaning set out in the schedule, and is central to determining whether the disclosure rules apply.