OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations specify additional information which persons are required to include in certain tax returns which they may be required to make and deliver to His Majesty’s Revenue and Customs.

Regulation 2 requires the inclusion, in personal returns, trustee’s returns and partnership returns, of the dates of commencement and cessation of business activities.

Regulations 3, 4 and 5 require the inclusion, in personal returns, of information concerning directorships, close companies and dividend income.

A revised Tax Information and Impact Note covering this instrument was published on 14 March 2024 alongside draft statutory instruments for technical consultation. This is available on the website at https://www.gov.uk/government/consultations/draft-legislation-improving-the-data-hmrc-collects-from-its-customers/draft-statutory-instruments-impacts-improving-the-data-hmrc-collects-from-its-customers .