SI 2018/1237 - The Tax Collection and Management (Wales) Act 2016 and the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (Consequential Amendments) Order 2018

Released 29 November 2018

SI 2018/1237 makes consequential amendments to reflect the establishment of the Welsh Revenue Authority and creation of Land Transaction Tax.

The Tax Collection and Management (Wales) Act 2016 and the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (Consequential Amendments) Order 2018 makes provision consequential on the establishment of the Welsh Revenue Authority by the Tax Collection and Management (Wales) Act 2016 and on the creation of land transaction tax by the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017. The order lists the Welsh Revenue Authority as a public body in the Freedom of Information Act 2000, Sch. 1, Pt. 6 (so bringing the Authority within the definition of ‘Welsh public authority’ in FOIA 2000, s. 83). The order further adds a reference to land transaction tax to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (SI 2017/692), reg. 45. Under those regulations, the HMRC are required to maintain a register of the beneficial owners of certain trusts. This amendment ensures that a trust, the trustees of which are liable to pay land transaction tax, is included as a taxable relevant trust. The order comes into force on 22 November 2018.

The document is available here.

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