(1)At the end of section 13 of the M1Taxes Management Act 1970 (returns by persons in receipt of taxable income belonging to others) there shall be added—
“(3)A notice under this section shall not require information as to any money, value, profits or gains received in a year of assessment ending more than three years before the date of the giving of the notice.”
(2)In section 17(1) of that Act (interest paid or credited by banks etc. without deduction of income tax) after the words “during a year” there shall be inserted the words “ of assessment ”.
(3)In section 18 of that Act (particulars of interest paid without deduction of income tax) after subsection (3) there shall be inserted—
“(3A)A notice under this section shall not require information with respect to interest paid in a year of assessment ending more than three years before the date of the giving of the notice.”
(4)At the end of section 19 of that Act (information for the purposes of Schedule A etc.) there shall be added—
“(4)A notice under this section shall not require information with respect to—
(a)the terms applying to the lease, occupation or use of the land, or
(b)consideration given, or
(c)payments arising,
in a year of assessment ending more than three years before the date of the giving of the notice.”
(5)This section has effect with respect to notices given after the passing of this Act.