# Taxes Management Act 1970, Paragraph 7


(1) The Commissioners may by regulations require a relevant 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.

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Source: https://www.legislation.gov.uk/ukpga/1970/9/schedule/A1/paragraph/7 (the official version)
Page: https://openlegislation.uk/taxes-management-act-1970/schedule-A1/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.