Regulation 8 Amendment of the Tax Avoidance Schemes (Information) Regulations 2012

In regulation 12 (time for providing information under section 313(3)(b))^f1, after paragraph (5A) insert—

“(5B)

In the case of regulation 10(6B) 14 days after the end of the final tax period in respect of the tax year in which any person first enters into a transaction forming part of the notifiable arrangements and on the same date in each subsequent year until an advantage ceases to apply to any person.

(5C)

In paragraph (5B) “tax period” has the meaning given in regulation 2(1) (interpretation) of the Income Tax (Pay As You Earn) Regulations 2003^f2.”.