The Reporting of Savings Income and Interest Payments (Data-gathering) Regulations 2012

• Citation: S.I. 2012/756
• Sections: 3

Section 1 Citation and Commencement

(1) These Regulations shall be cited as the Reporting of Savings Income and Interest Payments (Data-gathering) Regulations 2012.

(2) Regulation 2 shall come into force on 1st April 2012.

(3) Regulation 3 shall come into force on 31st March 2012.

Section 2 Amendment of the Reporting of Savings Income Information Regulations 2003

(1) Amend the Reporting of Savings Income Information Regulations 2003 as follows.

(2) In regulations 10(2)(c) and 12(2)(d) omit “is not required or if it is and it”.

(3) In regulation 15(4) from “section 17” to the end substitute “paragraph 1 of Schedule 23 to the Finance Act 2011 (data-gathering powers) ”.

Section 3 Revocations

(1) The following instruments are revoked—

(a) the Income Tax (Interest Payments) (Information Powers) Regulations 1992 ;

(b) the Income Tax (Interest Payments) (Information Powers) (Amendment) Regulations 2001 ; and

(c) the Income Tax (Interest Payments) (Information Powers) (Amendment) Regulations 2008

(2) Regulations 3 and 4 of the Dormant Bank and Building Society Accounts (Tax) Regulations 2011 are also revoked.