Income Tax Act 2007 section 969

Regulations

Section 969 gives the Treasury the power to make regulations supporting the administration of the income tax deduction regime under sections 966 to 968, including information requirements, reporting obligations, and tax collection and recovery procedures.

• HMRC can require persons making relevant payments or transfers to provide prescribed information by serving formal notices.
• Persons making relevant payments or transfers must submit returns to HMRC at specified times, detailing the payments or transfers made and the income tax for which they are accountable.
• Regulations may cover the collection, recovery, assessment, and interest provisions relating to income tax deducted at source under section 966.
• The Treasury may adapt or modify existing income tax legislation as needed to give effect to these provisions, including making different rules for different circumstances.