Taxes Management Act 1970 section 16

Fees, commissions, etc

Section 16 has been repealed and is no longer in force, having been superseded by the data-gathering powers introduced by Finance Act 2011.

• Section 16 originally required certain persons to provide HMRC with returns of fees, commissions and other similar payments made in the course of a trade, profession or business.
• The section was repealed by the Finance Act 2011, Schedule 23, which replaced various standalone information-gathering provisions with a unified set of data-gathering powers.
• The repeal took effect under transitional provisions, meaning that any obligations that had already arisen under section 16 before its repeal could still be enforced.
• The data-gathering powers now contained in Schedule 23 to the Finance Act 2011 serve a similar purpose but operate under a modernised and consolidated framework for obtaining third-party information.

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