F1Client notification obligations
Making client exchange of tax information client notifications12F.
(1)
A client exchange of tax information notification is made to a specified client or an individual to whom regulation 12E(2) applies if—
(a)
it is in the form set out in Part 1 of Schedule 3,
(b)
it is accompanied by a covering message which includes—
(i)
the name of the specified client, and
(ii)
the statement set out in the relevant paragraph of Part 2 of that Schedule, and
(c)
it is given in accordance with paragraph (3) or (4).
(2)
The relevant paragraph in Part 2 of Schedule 3 is—
(a)
paragraph 2 in the case of a client exchange of tax information notification made by a specified financial institution or an overseas person who would be a specified financial institution if they carried on business in the United Kingdom, or
(b)
paragraph 3 in the case of a client exchange of tax information notification made by a specified relevant person or an overseas person who would be a specified relevant person if they carried on business in the United Kingdom.
(3)
A client exchange of tax information notification is given in accordance with this paragraph if it is sent or supplied in a paper copy.
(4)
A client exchange of tax information notification is given in accordance with this paragraph if it is given by email by a specified relevant person who—
(a)
wholly or mainly communicated with individuals by e-mail when providing advice or services to them in the relevant period, and
(b)
reasonably believes that the specified client will become aware of the content of a client exchange of tax information notification given to them by e-mail.
(5)
If it appears appropriate to a specified financial institution, a specified relevant person or an overseas person, the client exchange of tax information notification and covering message set out in Schedule 3 may be translated into a language other than English or produced in a Braille or audible form.