Regulation 1 Citation, commencement and interpretation

These Regulations may be cited as the Finance Act 2014 (High Risk Promoters Prescribed Information) Regulations 2015 and come into force on 27th March 2015.

In these Regulations—

• “accounting period” for the purposes of corporation tax has the same meaning as that given in sections 9 to 12 of the Corporation Tax Act 2009^f1 and “beginning of accounting period” and “end of accounting period” shall be construed accordingly;

• “the Act” means the Finance Act 2014;

• “audiovisual formats” means any method of presenting information that uses an audible and visible format including broadcasting by electronic means or transmission over, or publication on, the internet; “chargeable period” shall be construed—

  1. (a)

     for the purposes of annual tax on enveloped dwellings, in accordance with section 94(8) of the Finance Act 2013^f2;

  2. (b)

     for the purposes of petroleum revenue tax, in accordance with section 1(3) of the Oil Taxation Act 1975^f3;

• “effective date” has the meaning given by section 119 of the Finance Act 2003^f4;

• “tax year” means a year beginning on 6th April and ending on the following 5th April;