(This note is not part of the Regulations)
The Regulations provide that 6th April 2024 is the appointed day on which section 60(1) to (3), section 61(1) to (5) and Schedule 14 of the Finance (No. 2) Act 2017 come into force.
Section 60 amends the Taxes Management Act 1970 by inserting digital reporting and record-keeping provisions in section 12C and Schedule A1 of that Act.
Section 61 introduces Schedule 14, which makes further amendments to the Taxes Management Act 1970 and other Acts, and provides for a power to amend or modify provision of the Taxes Act in consequence of the provision made by section 60 or Schedule 14.
A Tax Information and Impact Note has not been prepared for these Regulations as they give effect to previously announced policy and are appointed day regulations.