Commentary

A6.330 Relevant data and data-holders―introduction

Administration and compliance

A6.330 Relevant data and data-holders―introduction

Relevant data and data-holders

A6.330 Relevant data and data-holders―introduction

The categories of data-holder to whom the new rules apply are detailed in primary legislation. The nature of the data to be supplied by each category of data-holder is specified in regulations1.

Many data-holders, including financial institutions, made returns and supplied data under previous legislation. HMRC says that the vast majority of the data required will be from businesses or organisations that can be expected to be able to easily extract the required data from their IT systems, although HMRC acknowledges that some data-holders may need to adapt their systems.

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