The Tax Avoidance Schemes (Information) Regulations 2012

Statutory Instruments

2012 No. 1836

Taxes

The Tax Avoidance Schemes (Information) Regulations 2012

Made

12th July 2012

Laid before the House of Commons

13th July 2012

Coming into force

1st September 2012

The Commissioners for Her Majesty’s Revenue and Customs(1) in exercise of the powers conferred by section 98C(2A),(2B) and (2C)(b) of the Taxes Management Act 1970(2), section 132 of the Finance Act 1999(3), section 135 of the Finance Act 2002(4) and sections 306A(6), 307(5), 308(1) and (3), 308A(5) and (6)(a), 309(1), 310, 312(2) and (5), 312A(2) and (5), 313(1) and (3), 313ZA(3) and (4), 313A(4)(a), 313B(2)(a), 313C(1) and (3)(a), 317(2) and 318(1) of the Finance Act 2004(5), make the following Regulations:

(1)

The functions of the Commissioners (Board) of Inland Revenue were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(2) of the Commissioners for Revenue and Customs Act 2005 (c. 11). Section 50(1) of that Act provides that a reference to the Commissioners of Inland Revenue, however expressed, shall be taken as a reference to the Commissioners for Her Majesty’s Revenue and Customs.

(2)

1970 c. 9. Section 98C was inserted by section 315 of the Finance Act 2004 (c. 12) and subsections (2A), (2B) and (2C) were inserted by section 108 of the Finance Act 2007 (c. 11).

(3)

1999 c. 16. Section 132 was amended by paragraph 56 of Schedule 17 to the Communications Act 2003 (c. 21).

(4)

2002 c. 23. Section 135 was amended by paragraphs 94 and 95 of the Commissioners for Revenue and Customs Act (c. 11) and sections 93(1) to (3) of the Finance Act 2007 (c. ).

(5)

2004 c. 12. Sections 306A, 308A, 313A and 313B were inserted by section 108 of the Finance Act 2007 (c. 11), section 313A was amended by paragraph 4 of Schedule 17 to the Finance Act 2010 (c. 13) and section 313B was amended by S.I. 2009/56. Sections 308, 312 and 313 were amended by and section 312A inserted by Schedule 38 to the Finance Act 2008 (c. 9). Sections 313ZA and 313C were inserted by and section 317 was amended by schedule 17 to the Finance Act 2010. Section 318(1) is cited because of the meaning of “prescribed”.