uksi/2020/25 — The International Tax Enforcement (Disclosable Arrangements) Regulations 2020 (revoked)

2020 No. 25 Taxes The International Tax Enforcement (Disclosable Arrangements) Regulations 2020 (revoked) Made 9th January 2020 Laid before the House of Commons 13th January 2020 Coming into force 1st July 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 1 Introductory provisions Citation and commencement 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interpretation 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 2 Reporting obligations Reporting obligations: UK intermediaries 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Reporting obligations: UK relevant taxpayers 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual reporting requirement 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Reportable information 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Legal professional privilege 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Arrangement reference number 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Electronic return system 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Evidence 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision of information 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Application of Annex IV of the DAC: hallmarks 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Employees 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 3 Penalties for breach of obligations Penalties for failure to comply with Regulations 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Determination of penalty by HMRC: initial penalty under regulation 14(1)(a)(i) 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Determination of penalty by First-tier Tribunal: daily penalty under regulation 14(1)(a)(ii) 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Determination of penalty by HMRC: further daily penalty under regulation 14(1)(b) and penalty in relation to annual report 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time limits and treatment of penalties 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Appeals against penalty determinations by HMRC 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Special reduction 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Matters to be disregarded in relation to liability to penalties 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .