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Paragraph 7 F1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  • Sch. A1 amendment to earlier affecting provision 2017 c. 32, s. 60 by Finance Act 2018 Sch. 6 para. 7(2)(a)
  • Sch. A1 amendment to earlier affecting provision 2017 c. 32, s. 60 by Finance Act 2018 Sch. 6 para. 7(2)(b)
(1)

The Commissioners may by regulations require a F2relevant person or relevant partnership to provide to HMRC, by electronic communications, specified information about the business of the person or partnership.

(2)

The information which may be specified includes any information (“financial information”) relevant to calculating profits, losses or income of the business, including information about receipts and expenses.

(3)

The regulations may require information to be provided at or for specified intervals, times or periods.

(4)

The regulations may not require financial information about the business to be provided more often than once every 3 months.

Annotations

Textual amendments

F1

Sch. A1 inserted (1.4.2026) by Finance (No. 2) Act 2017 (c. 32), s. 60(3)(4) (as amended by Finance Act 2018 (c. 3), Sch. 6 para. 7(2)); S.I. 2026/356, reg. 2

F2

Words in Sch. A1 para. 7(1) substituted (1.4.2026) by Finance Act 2026 (c. 11), s. 256(5)(9); S.I. 2026/356, reg. 2