On 15 June 2006, the government issued the Tax Avoidance Schemes (Prescribed Description of Arrangements) Regulations 2006 (SI 2006/1543) and the Tax Avoidance Schemes (Information)(Amendment) Regulations 2006 (SI 2006/1544), both of which will take effect from 1 August 2006. These regulations repeal and replace the existing regulations implementing the tax avoidance scheme disclosure rules introduced by Secs. 306-319 Finance Act 2004 as follows -   they extend the scope of the rules to any scheme involving income tax, capital gains tax or corporation tax (currently, the rules relating to these taxes apply only to employment and financial schemes); -  ...