Section 265 — Finance Act 2014: Duty to provide information to monitored promoter

Duty to provide information to monitored promoter 265 1 This section applies where a person has been notified of a promoter reference number—

a under section 250 by reason of being a person falling within subsection (2)(b) of that section, or b under section 251 or 252.

2 The person notified (“C”) must within 10 days notify the person whose promoter reference number it is of—

a C's national insurance number (if C has one),

and b C's unique tax reference number (if C has one).

3 If C has neither a national insurance number nor a unique tax reference number, C must within 10 days inform the person whose promoter reference number it is of that fact.

4 A unique tax reference number is an identification number allocated to a person by HMRC.

5 Subsection (2) or (3) does not impose a duty on C to provide information which C has already provided to the person whose promoter reference number it is.