# The Banking Surcharge (Information) Regulations 2016, Note: Explanatory note


(This note is not part of the Regulations)
The Regulations apply where a payment is made, or is to be made, by a company to discharge (wholly or partly) its liability in respect of section 269DA of the Corporation Tax Act 2010 (c. 4) or at step 5 in section 371BC(1) of the Taxation (International and Other Provisions) Act 2010 (c.8)(“the banking surcharge”).
Regulation 2 sets out definitions. Regulation 3 provides for application. Regulation 4 sets out additional information which must be provided where a company is required to make a written notification in relation to the banking surcharge.
Regulation 5 provides for compliance.
A Tax Information and Impact Note covering this instrument will be published on the website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.

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Source: https://www.legislation.gov.uk/uksi/2016/566/note (the official version)
Page: https://openlegislation.uk/banking-surcharge-information-regulations-2016/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.