The Income Tax (Interest Payments) (Information Powers) Regulations 1992

Requirement and conditions for further information

4.—(1) Subject to the conditions specified in paragraph (2), a section 17 return shall contain such further information as is prescribed by regulations 5(3) and 6(2) and a person required to furnish section 18 information shall furnish at the same time such further information as is prescribed by regulations 5(3) (b) and 6(2).

(2) The conditions specified in this paragraph are that—

(a) as regards a section 17 return, the notice under section 17(1) requiring the return specifies the further information referred to in paragraph (1) and requires it to be contained in the return;

(b) as regards section 18 information, the notice under section 18(1) requiring the section 18 information to be furnished specifies the further information referred to in paragraph (1) and requires it to be furnished at the same time as the section 18 information.

(3) In the cases specified in paragraph (4), a notice under section 17(1) shall not require the further information to be contained in a section 17 return, and a notice under section 18(1) shall not require the further information to be furnished at the same time as section 18 information.

(4) The cases specified in this paragraph are payments made in respect of an account which is a tax-exempt special savings account for the purposes of section 326A of the Taxes Act.(1)

(1)

Section 326A was inserted by section 28 of the Finance Act 1990.