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Finance (No. 2) Act 2017

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Changes over time for: Paragraph 26

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Changes to legislation:

There are currently no known outstanding effects for the Finance (No. 2) Act 2017, Paragraph 26. Help about Changes to Legislation

26(1)Any person (P) who is a party to any F1... arrangements must provide HMRC with prescribed information relating to—U.K.

(a)any reference number notified to P under paragraph 23 [F2, 23A] or 24, and

(b)the time when P obtains or expects to obtain by virtue of the arrangements a tax advantage in relation to any relevant tax.

(2)For the purposes of sub-paragraph (1) a tax is a “relevant tax” in relation to [F3arrangements of any description] if it is prescribed in relation to arrangements of that description by regulations under paragraph 3(1).

(3)Regulations made by the Commissioners may—

(a)in prescribed cases, require the information prescribed under sub-paragraph (1) to be given to HMRC—

(i)in the prescribed manner,

(ii)in the prescribed form,

(iii)at the prescribed time, and

(b)in prescribed cases, require the information prescribed under sub-paragraph (1) and such other information as is prescribed to be provided separately to HMRC at the prescribed time or times.

(4)In sub-paragraph (3) “prescribed” includes being prescribed in a document made under a power conferred by regulations made by the Commissioners.

(5)HMRC may give notice that, in relation to F4... arrangements specified in the notice, persons are not under the duty under sub-paragraph (1) after the date specified in the notice.

(6)The duty under sub-paragraph (1) does not apply in prescribed circumstances.

Textual Amendments

F1Word in Sch. 17 para. 26(1) omitted (with application in accordance with Sch. 31 paras. 45, 46 of the amending Act) by virtue of Finance Act 2021 (c. 26), Sch. 31 paras. 31(2), 44

F2Word in Sch. 17 para. 26(1)(a) inserted (with application in accordance with Sch. 31 paras. 45, 46 of the amending Act) by Finance Act 2021 (c. 26), Sch. 31 paras. 31(3), 44

F3Words in Sch. 17 para. 26(2) substituted (with application in accordance with Sch. 31 paras. 45, 46 of the amending Act) by Finance Act 2021 (c. 26), Sch. 31 paras. 31(4), 44

F4Word in Sch. 17 para. 26(5) omitted (with application in accordance with Sch. 31 paras. 45, 46 of the amending Act) by virtue of Finance Act 2021 (c. 26), Sch. 31 paras. 31(5), 44

Commencement Information

I1Sch. 17 para. 26 in force at Royal Assent for specified purposes and at 1.1.2018 otherwise, see s. 66(4)

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