Regulation 5 Further information—cases where certificate of non-liability to tax is given

(1)

Paragraph (3) prescribes in relation to the cases specified in paragraph (2) the further information which, subject to regulation 4, is required to be contained in a section 17 return or to be furnished at the same time as section 18 information.

(2)

The cases specified in this paragraph are where a payment is made in circumstances in which a certificate has been given under regulation 5 of the Deposit-takers Regulations that the person beneficially entitled to the payment is unlikely to be liable to pay any amount by way of income tax for the year in which the payment is made.

(3)

The further information prescribed by this paragraph is—

(a)

as regards information to be contained in a section 17 return, the name and address of the person or, if more than one, each person by or on behalf of whom a certificate has been given in connection with the payment (in sub-paragraph (b) referred to as “the beneficiary”) if other than the person or persons to whom the payment was made;

(b)

as regards information to be contained in a section 17 return or to be furnished at the same time as section 18 information—

(i)

the date of birth of the beneficiary;

(ii)

the national insurance number of the beneficiary if furnished to the deposit-taker pursuant to regulation 5 of, and the Schedule to, the Deposit-takers Regulations;

(iii)

notification of the fact that the account in respect of which the payment was made is or was one in connection with which acertificate or certificates had been given which had not ceased to be valid at the 5th April in the year in which the payment was made or at the date of closure of the account, if earlier in that year;

(iv)

the reference number of the account referred to in paragraph (iii) and, where necessary for identifying the account, the branch of the payer where the account is held;

(v)

where the payment was made to two or more account-holders each of whom was beneficially entitled to the payment, notification of that fact and, if known, the number of such persons;

(vi)

if furnished to the deposit-taker in connection with the account, the dates of birth and national insurance numbers of persons referred to in paragraph (v) other than the beneficiary referred to in paragraphs (i) and (ii);

(vii)

where a certificate was given by or on behalf of one or more, but not all, of the persons referred to in paragraph (v) and had not ceased to be valid at the 5th April in the year in which the payment was made or at the date of closure of the account, if earlier in that year, notification of those facts;

(viii)

where the payment was the first payment made in respect of an account, notification of that fact;

(ix)

where the payment was in a currency other than sterling and the amount of the payment is recorded in that currency in a section 17 return or as part of section 18 information, notification of the fact that the amount is so recorded and specification of the currency concerned.