The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) Regulations 2013
| Jurisdiction | UK Non-devolved |
| Citation | SI 2013/2600 |
| Year | 2013 |
2013 No. 2600
Social Security
The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) Regulations 2013
Made 10th October 2013
Laid before Parliament 11th October 2013
Coming into force 4th November 2013
The Treasury make the following Regulations in exercise of the powers conferred by sections 132A(1) and 189(4), (5) and (6) of the Social Security Administration Act 19921.
Citation, commencement and interpretation
1.—(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)
(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)
(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 20122.
Amendments to the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012
The NICs Regulations are amended as follows.
2. The NICs Regulations are amended as follows.
3. In the Table at regulation 5(2)3—
(a) after the row relating to section 312A (duty of client to notify parties of number) insert—
“Section 312B (duty of client to provide information to promoter) |
Regulation 14A”; and |
(b) after the row relating to section 313ZA (duty of promoter to provide details of clients) insert—
“Section 313ZB (enquiry following disclosure of client details) |
Regulation 16A.”. |
4. 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.”.
5. After regulation 16 insert—
“Enquiry following disclosure of client details
16A.—(1) This regulation applies where—
(a)
(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)
(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)
(a) the prescribed period; or
(b)
(b) such longer period as HMRC may direct.”.
6. In regulation 22(2)—
(a) after sub-paragraph (e) insert—
“(ea)
“(ea) regulation 14A(2) (duty of client to provide information to promoter),”; and
(b) after sub-paragraph (f) insert—
“(fa)
“(fa) regulation 16A (duty of promoter to provide further information),”.
7. In regulation 25—
(a) at paragraph (3)(b) for “sub-paragraphs (f) to (h)” substitute...
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