Taxes Management Act 1970 section 23

Power to obtain copies of registers of securities

Section 23 dealt with HMRC's power to require copies of registers of securities, but has been repealed.

• Section 23 previously gave HMRC the authority to obtain copies of registers of securities held by companies and other bodies
• This power allowed tax authorities to identify holders of shares, stocks, and other securities for tax compliance purposes
• The section was repealed by Finance Act 2011, Schedule 23, which replaced a number of older standalone information powers with a unified data-gathering framework
• The powers formerly contained in section 23 are now covered by the broader data-gathering provisions introduced by Schedule 23 to the Finance Act 2011