Regulation 16 Sections 312B and 313ZB

After regulation 8 insert—

“Prescribed information under section 312B: information and timing

8A.

(1)

For the purposes of section 312B (duty of client to provide information to promoter)—

(a)

the prescribed period is 10 days from the later of the date that the client receives the reference number allocated by HMRC under section 311 to the notifiable arrangements, and the date the client first enters into a transaction which forms part of the notifiable arrangements; and

(b)

the prescribed information is—

(i)

any identification number allocated to the client by HMRC (“unique taxpayer number”) and the client’s national insurance number; or

(ii)

confirmation that the client does not have a unique taxpayer number or a national insurance number or has neither number.”.