Meaning of residual entity
- Treat entities as residual entities unless official evidence shows otherwise
UK Statutory Instrument
2005
United Kingdom
The Montserrat Reporting of Savings Income Information Order 2005
At a glance
What's here
5 compliance obligations
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Identity and residence of relevant payees
- Verify identity and tax residence of savings income recipients
Information to be reported to the Inland Revenue Department by paying agents making payments to relevant payees
- Report savings income payments to Inland Revenue Department
Information to be reported to the Inland Revenue Department by paying agents making payments to residual entities
- Report savings income payments made to EU residual entities
Reports by paying and receiving agents to the Inland Revenue Department
- Report savings income to the Inland Revenue Department within 14 days of tax year end
Browse 14 other sections — procedural / definitional / commencement
Citation and commencement
Extent of the Order
Interpretation
Meaning of paying agent
Meaning of receiving agent
Meaning of relevant payee
Meaning of savings income
Information to be reported to the Inland Revenue Department by receiving agents
Amount of savings income to be reported to the Inland Revenue Department
Offences by paying and receiving agents
Audit and related issues
Offences
Transitional provisions – negotiable debt securities
Relationship with other law in Montserrat
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