Statutory Instruments
Income Tax
Made
12th March 2015
Laid before the House of Commons
13th March 2015
Coming into force
6th April 2015
The Treasury, in exercise of the powers conferred by paragraph 1(3) of Schedule 23 to the Finance Act 2011(1) make the following Regulations:
1. These Regulations may be cited as the Data-gathering Powers (Relevant Data) (Amendment) Regulations 2015 and come into force on 6th April 2015.
2. In regulation 8 of the Data-gathering Powers (Relevant Data) Regulations 2012(2) omit “, that the person beneficially entitled to the payment is unlikely to be liable to pay any amount by way of income tax for the year in which payment was made,”.
David Evennett
Alun Cairns
Two of the Lords Commissioners of Her Majesty’s Treasury
12th March 2015
(This note is not part of the Regulations)
These Regulations make a consequential amendment to regulation 4 of the Data-gathering Powers (Relevant Data) Regulations 2012 (S.I. 2012/847).
A Tax Information and Impact Note covering this instrument was published alongside the Finance Bill 2014 and is available on the gov.uk website at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/293793/TIIN_8073_8076_the_starting_rate_of_tax_for_savings.pdf. It remains an accurate summary of the impacts that apply to this instrument.
S.I. 2012/847, to which there are amendments not relevant to these Regulations.