Taxes Management Act 1970 section 18D

Content of regulations under section 18B: supplementary provision

Section 18D sets out the supplementary rules that apply to regulations made under section 18B concerning savings income and its European and international aspects, including how notices, compliance deadlines, penalties, and different treatment of different cases may be dealt with.

• Notices issued under section 18B regulations may be combined with data-gathering notices under Finance Act 2011 Schedule 23 paragraph 1
• The regulations may specify the time limits and manner in which any requirements they impose must be complied with
• Penalties may be imposed for failure to comply with the regulations, drawing on the existing penalty provisions within the Taxes Management Act 1970
• The regulations may make different provision for different types of case and may include incidental, supplemental, consequential, and transitional provisions and savings