# Finance Act 2026, Paragraph 2: Data within possession or power

Extent: E+W+S+N.I.

(1) A relevant data-holder is not required by regulations under paragraph 1 to provide data to HMRC unless the data are within their possession or power.
(2) The Treasury may by regulations make provision requiring a relevant-data holder to make reasonable efforts to obtain any specified identifying information that the relevant data-holder would, but for sub-paragraph (1), be required to provide to HMRC.
(3) In this Schedule “identifying information” means any information which identifies a person or an account including, in particular, a company’s registered number, a national insurance number, a unique taxpayer reference, a VAT registration number or any other unique government-issued identifier associated with a person or account.

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Source: https://www.legislation.gov.uk/ukpga/2026/11/schedule/23/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-2026/schedule-23/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.