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Regulation 12 Paragraph 27(3) of the Schedule – duty to provide details of clients: prescribed informationF7I1

United Kingdom

(1)

For the purposes of paragraph 27(3) of the Schedule, the following information is prescribed in relation to F1the arrangement or proposed arrangement to which paragraph 27(1) or (1A) of the Schedule applies—

(a)

each reference number;

(b)

the name and address of each client;

(c)

the prescribed information (if any) provided by the client to the promoter F2or provider as described in regulation 10;

(d)

the name and address of the promoter F3or provider; and

(e)

the date of the end of the relevant period in relation to which the information is provided.

(2)

In paragraph (1)(b), the name and address of a client is—

(a)

the address to which the promoter F4or provider has sent, or would have sent, the prescribed information described in regulation 11(1) in compliance with paragraph 23(2) F5or 23A(2) of the Schedule; or

(b)

the address of the client shown on any register held by HMRC for the indirect tax to which the F6... arrangement relates or most closely relates.

(3)

Paragraph (4) applies on the expiry of the prescribed period of 30 days referred to in regulation 13(2), where the prescribed period is extended to 60 days under regulation 13(3).

(4)

Where this paragraph applies, the prescribed information is a written statement that the client has not complied with paragraph 25(2) of the Schedule and that the period to do so has not expired.

(5)

Paragraph (6) applies—

(a)

on the expiry of the prescribed period of 60 days under regulation 13(3); and

(b)

where the client has not complied with paragraph 25(2) of the Schedule.

(6)

Where this paragraph applies, the prescribed information is a written statement that the client has not complied with paragraph 25(2) of the Schedule.

Annotations

Textual amendments

F1

Words in reg. 12(1) substituted (30.9.2021) by The Indirect Taxes (Disclosure of Avoidance Schemes) (Amendment) Regulations 2021 (S.I. 2021/979), regs. 1, 7(b)

F2

Words in reg. 12(1)(c) inserted (30.9.2021) by The Indirect Taxes (Disclosure of Avoidance Schemes) (Amendment) Regulations 2021 (S.I. 2021/979), regs. 1, 7(c)

F3

Words in reg. 12(1)(d) inserted (30.9.2021) by The Indirect Taxes (Disclosure of Avoidance Schemes) (Amendment) Regulations 2021 (S.I. 2021/979), regs. 1, 7(d)

F4

Words in reg. 12(2)(a) inserted (30.9.2021) by The Indirect Taxes (Disclosure of Avoidance Schemes) (Amendment) Regulations 2021 (S.I. 2021/979), regs. 1, 7(e)(i)

F5

Words in reg. 12(2)(a) inserted (30.9.2021) by The Indirect Taxes (Disclosure of Avoidance Schemes) (Amendment) Regulations 2021 (S.I. 2021/979), regs. 1, 7(e)(ii)

F6

Word in reg. 12(2)(b) omitted (30.9.2021) by virtue of The Indirect Taxes (Disclosure of Avoidance Schemes) (Amendment) Regulations 2021 (S.I. 2021/979), regs. 1, 7(f)

F7

Reg. 12 heading substituted (30.9.2021) by The Indirect Taxes (Disclosure of Avoidance Schemes) (Amendment) Regulations 2021 (S.I. 2021/979), regs. 1, 7(a)

Commencement

I1

Reg. 12 in force at 1.1.2018, see reg. 1