# Finance Act 2026, Paragraph 3: Due diligence and record-keeping

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

(1) The Treasury may by regulations make provision requiring a relevant data-holder to—
(a) take specified steps to verify relevant data before providing them to HMRC,
(b) keep a record of—
(i) the relevant data, and
(ii) the steps taken by the relevant data-holder under paragraph (a) in relation to the relevant data, and
(c) preserve those records for a specified period.
(2) In this paragraph “relevant data” means data that a relevant-data holder is required by regulations under paragraph 1 to provide to HMRC.

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Source: https://www.legislation.gov.uk/ukpga/2026/11/schedule/23/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-2026/schedule-23/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.