Regulation 12 Use of information

(1)

Subject to paragraph (2) information obtained by the Board under regulation 3 or 4—

(a)

shall not be used for the purpose of ascertaining the tax liability (if any) of any person other than—

(i)

a person beneficially entitled to a gross payment within regulation 3 to whom the information obtained relates, and

(ii)

the building society; and

(b)

shall otherwise be used only for the purposes of these Regulations.

(2)

Paragraph (1) shall not be construed as preventing any disclosure of information within section 182(5) of the Finance Act 1989^f1.

Annotations