Regulation 2 Interpretation

In these Regulations—

• “account details” in respect of an account held by P means—

  1. (a)

     any account number;

  2. (b)

     any roll number;

  3. (c)

     any sort code;

  4. (d)

     the type of account, including whether or not it is a joint account;

  5. (e)

     the account balance (in the currency in which the account is held);

  6. (f)

     whether interest is payable in respect of amounts standing to the credit of the account and, if so, the rate of interest payable;

  7. (g)

     any minimum balance required to keep the account open;

  8. (h)

     any contractual term by virtue of which an account holder or interested third party may suffer economic loss where a hold notice or deduction notice is, or has been, given;

  9. (i)

     specified information about—

     1. (i)

        any account holder other than P;

     2. (ii)

        any person (not falling within paragraph (i)) who is an interested third party in relation to the account;

     3. (iii)

        any person who, in respect of the account, has power of attorney;

• “P” means the person in respect of whom HMRC has given an information notice or, as the case may be, hold notice;

• “Schedule 8” means Schedule 8 to the Finance (No.2) Act 2015;

• “specified information” in respect of a person means—

  1. (a)

     name and address;

  2. (b)

     national insurance number;

  3. (c)

     all email addresses;

  4. (d)

     all telephone numbers;

  5. (e)

     in respect of an account which is a joint account, the proportion of the balance of that joint account to which the person is entitled.