{
  "url": "https://openlegislation.uk/international-tax-compliance-regulations-2015/regulation-12H",
  "json_url": "https://openlegislation.uk/international-tax-compliance-regulations-2015/regulation-12H.json",
  "legislation": "uksi/2015/878",
  "legislation_title": "The International Tax Compliance Regulations 2015",
  "legislation_url": "https://openlegislation.uk/international-tax-compliance-regulations-2015",
  "path": "regulation/12H",
  "kind": "regulation",
  "number": "12H",
  "heading": "Liable persons",
  "text": "(1) Where in these regulations—\n(a) a financial institution or UK representative is made liable to a penalty, and\n(b) the institution or representative is a partnership or trust,\nthe liability to the penalty falls upon a liable person of the institution or representative.\n(2) In paragraph (1), “liable person” means, in relation to—\n(a) a partnership, a partner of the partnership,\n(b) a trust which is not a collective investment scheme, a trustee of the trust, or\n(c) a trust which is a collective investment scheme, a trustee, manager or operator of the scheme.\n(3) In this regulation “collective investment scheme” means—\n(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(c) any arrangements that are a “collective investment scheme” within the meaning of the Financial Services and Markets Act 2000.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 12H inserted (17.5.2017) by The International Tax Compliance (Amendment) Regulations 2017 (S.I. 2017/598), regs. 1(1), 9(1)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 12H(1) substituted (16.7.2025) by The International Tax Compliance (Amendment) Regulations 2025 (S.I. 2025/740), regs. 1(1), 10(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 12H(1)(a) substituted (16.7.2025) by The International Tax Compliance (Amendment) Regulations 2025 (S.I. 2025/740), regs. 1(1), 10(b)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Reg. 12H(3)(a) omitted (16.7.2025) by virtue of The International Tax Compliance (Amendment) Regulations 2025 (S.I. 2025/740), regs. 1(1), 10(c)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Reg. 12H(3)(b) omitted (16.7.2025) by virtue of The International Tax Compliance (Amendment) Regulations 2025 (S.I. 2025/740), regs. 1(1), 10(c)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/878/regulation/12H",
    "retrieved_at": "2026-10-28T23:40:26.984158+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}