Paragraph 25 I1

F1(1)

This paragraph applies where a person (“the client”) has been provided with information under paragraph 23(2) or 23A(2) (prescribed information about reference number).

(2)

The client must, within the relevant period, provide the F2person who provided the information with prescribed information relating to the client.

(3)

In sub-paragraph (2) “the relevant period” is the period of 11 days beginning with the later of—

(a)

the date the client receives the reference number for the arrangements, and

(b)

the date the client first enters into a transaction which forms part of the arrangements.

(4)

The duty under sub-paragraph (2) is subject to any exceptions that may be prescribed.

Annotations

Textual amendments

F1: Sch. 17 para. 25(1) substituted (with application in accordance with Sch. 31 paras. 45, 46 of the amending Act) by Finance Act 2021 (c. 26), Sch. 31 paras. 29(2), 44
F2: Words in Sch. 17 para. 25(2) substituted (with application in accordance with Sch. 31 paras. 45, 46 of the amending Act) by Finance Act 2021 (c. 26), Sch. 31 paras. 29(3), 44

Commencement

I1: Sch. 17 para. 25 in force at Royal Assent for specified purposes and at 1.1.2018 otherwise, see s. 66(4)

Notes on Schedule 17

Modifications

C1: Sch. 17 modified (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by 1994 c. 23, Sch. 9ZA para. 80 (as inserted by Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 2 para. 2 (with s. 3(4), Sch. 2 para. 7(7)-(10)); S.I. 2020/1642, reg. 9)

Notes on Duty of client to provide information ...

Textual amendments

F1: Words in Sch. 17 para. 25 cross-heading omitted (with application in accordance with Sch. 31 paras. 45, 46 of the amending Act) by virtue of Finance Act 2021 (c. 26), Sch. 31 paras. 28, 44