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The Data-gathering Powers (Relevant Data) (Amendment) Regulations 2015

S.I. 2015/672 · Made 12 March 2015

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Income Tax

Made 12th March 2015

Laid before the House of Commons 13th March 2015

Coming into force 6th April 2015

The Treasury, in exercise of the powers conferred by paragraph 1(3) of Schedule 23 to the Finance Act 2011f1 make the following Regulations:

Annotations to the whole text

Footnotes

f1

2011 c.11.

Contents

  1. 1Citation and commencement
  2. 2Amendment of the Data-gathering Powers (Relevant Data) Regulations 2012
  3. Signature
  4. Explanatory note

1Citation and commencement

These Regulations may be cited as the Data-gathering Powers (Relevant Data) (Amendment) Regulations 2015 and come into force on 6th April 2015.

2Amendment of the Data-gathering Powers (Relevant Data) Regulations 2012

In regulation 8 of the Data-gathering Powers (Relevant Data) Regulations 2012f1 omit “, that the person beneficially entitled to the payment is unlikely to be liable to pay any amount by way of income tax for the year in which payment was made,”.

Signature

David Evennett

Alun Cairns

Two of the Lords Commissioners of Her Majesty’s Treasury

12th March 2015

Explanatory note

(This note is not part of the Regulations)

These Regulations make a consequential amendment to regulation 4 of the Data-gathering Powers (Relevant Data) Regulations 2012 (S.I. 2012/847).

A Tax Information and Impact Note covering this instrument was published alongside the Finance Bill 2014 and is available on the gov.uk website at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/293793/TIIN_8073_8076_the_starting_rate_of_tax_for_savings.pdf. It remains an accurate summary of the impacts that apply to this instrument.