The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) Regulations 2013

• Citation: S.I. 2013/2600
• Sections: 12

Section 1 Citation, commencement and interpretation

(1) These Regulations may be cited as the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) Regulations 2013 and come into force on 4th November 2013.

(2) These Regulations do not have effect—

(a) for the purposes of regulation 8(1) of the NICs Regulations (duties of promoter relating to any notifiable contribution proposal), if the relevant date falls before 4th November 2013;

(b) for the purposes of regulation 8(3) of the NICs Regulations (duties of promoter relating to any notifiable contribution arrangements), if the date on which the promoter first becomes aware of any transaction forming part of notifiable contribution arrangements falls before 4th November 2013.

(3) In this regulation “relevant date” has the meaning given by regulation 8(2) of the NICs Regulations.

(4) In this regulation and regulation 2 “NICs Regulations” means the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012 .

Section 2 Amendments to the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012

The NICs Regulations are amended as follows.

Section 3 Amendments to the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012

In the Table at regulation 5(2) —

(a) after the row relating to section 312A (duty of client to notify parties of number) insert—

(b) after the row relating to section 313ZA (duty of promoter to provide details of clients) insert—

Section 4 Amendments to the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012

After regulation 14 insert—

Duty of client to provide information to promoter

(14A)

(1) This regulation applies where a person who is a promoter in relation to notifiable contribution arrangements has provided a person (“the client”) with information under regulation 13(2) (duty of promoter to notify client of reference number).

(2) The client must, within the prescribed period, provide the promoter with the prescribed information relating to the client.

Section 5 Amendments to the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012

After regulation 16 insert—

Enquiry following disclosure of client details

(16A)

(1) This regulation applies where—

(a) a person who is a promoter in relation to notifiable contribution arrangements has provided HMRC with information in relation to a person (“the client”) under regulation 16(3) (duty to provide details of clients); and

(b) HMRC suspect that a person other than the client is or is likely to be a party to the arrangements.

(2) HMRC may by written notice require the promoter to provide the prescribed information in relation to any person other than the client who the promoter might reasonably be expected to know is or is likely to be a party to the arrangements.

(3) The promoter must comply with a requirement under or by virtue of paragraph (2) within—

(a) the prescribed period; or

(b) such longer period as HMRC may direct.

Section 6 Amendments to the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012

In regulation 22(2)—

(a) after sub-paragraph (e) insert—

(ea) regulation 14A(2) (duty of client to provide information to promoter),

(b) after sub-paragraph (f) insert—

(fa) regulation 16A (duty of promoter to provide further information),

Section 7 Amendments to the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012

In regulation 25—

(a) at paragraph (3)(b) for “sub-paragraphs (f) to (h)” substitute “sub-paragraphs (f) to (g)”; and

(b) at paragraph (6) for “regulations 12 to 17A” substitute “regulations 12 to 17”.

Section 8 Amendments to the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012

After regulation 26(2)(a) insert—

(aa) in sub-paragraph (a) of the definition of “the filing date” omit “or in the case of inheritance tax the last day of the period mentioned in regulation 9(5)(b)

Section 9 Amendments to the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012

In regulation 26(3)(b) for “, the IHT Arrangements Regulations or the SDLT Arrangements Regulations” substitute “, the ATED Arrangements Regulations, the IHT Arrangements Regulations or the SDLT Arrangements Regulations”.

Section 10 Amendments to the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012

In regulation 26(3)(c) after “the definitions of” insert ““the ATED Arrangements Regulations”,”.

Section 11 Amendments to the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012

After regulation 26(6) insert—

(6A) In regulation 8A (prescribed information under section 312B: information and timing) for “notifiable arrangements” wherever it occurs substitute “notifiable contribution arrangements”.

Section 12 Amendments to the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012

After regulation 26(10) insert—

(10A) In regulation 13A(1)(b)(i) (prescribed information under section 313ZB: information and timing) for “a tax advantage” substitute “an advantage”.