Regulation 5 Exception to regulation 4 (requirement to provide specified information)

Regulation 4(2) does not apply—

(a)

to a case specified in a notice published by the Commissioners,

(b)

to specified information in respect of a specified international controlled transaction that has already been provided to an officer of Revenue and Customs in relation to that accounting period or underwriting year by a reporting entity under these Regulations, or

(c)

where the reporting entity is a—

(i)

charity^f1, or

(ii)

company wholly owned by a charity within the meaning of section 200 of the Corporation Tax Act 2010^f2.

Annotations

Footnotes

f1: “Charity” is defined in paragraph 1, and applies by virtue of paragraph 7, of Part 1 of Schedule 6 to the Finance Act 2010 (c. 13). Part 1 of the Finance Act 2010 was relevantly amended by paragraph 143(2)(a) and (b), (3), and (4), of Schedule 7 to the Charities Act 2011 (c. 25), section 125 of the Finance Act 2016 (c. 24), and section 344(1)(a) and (b) of the Finance (No. 2) Act 2023 (c. 30).
f2: 2010 c. 4; Section 200 was relevantly amended by section 35(4) of the Finance Act 2014 (c. 26).