914.This section defines a “pre‑26 November 1996 scheme” and a “post‑25 November 1996 scheme”. It is based on paragraph 27 of Schedule 12 to FA 1997.
915.For the significance of these terms see the commentary on sections 614BX and 614CB.
Overview Part 1: New Part 11A of ITA 2007 Section 614D: Pre-26 November 1996 schemes and post-25 November 1996 schemes