2015 No. 672

Income Tax

The Data-gathering Powers (Relevant Data) (Amendment) Regulations 2015

Made

Laid before the House of Commons

Coming into force

The Treasury, in exercise of the powers conferred by paragraph 1(3) of Schedule 23 to the Finance Act 20111 make the following Regulations:

Citation and commencement1

These Regulations may be cited as the Data-gathering Powers (Relevant Data) (Amendment) Regulations 2015 and come into force on 6thApril 2015.

Amendment of the Data-gathering Powers (Relevant Data) Regulations 20122

In regulation 8 of the Data-gathering Powers (Relevant Data) Regulations 20122 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 EvennettAlun CairnsTwo of the Lords Commissioners of Her Majesty’s Treasury
EXPLANATORY NOTE

(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.