UK Statutory Instrument SI 2005/1466 United Kingdom

The Montserrat Reporting of Savings Income Information Order 2005

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person4 Employer1

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts
Employer — also bound by 682 other Acts
TULRCA 1992 72 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art005 Meaning of residual entity Regulated
  • Treat entities as residual entities unless official evidence shows otherwiseAny Person
s.art009 Identity and residence of relevant payees Regulated
  • Verify identity and tax residence of savings income recipientsAny Person
s.art010 Information to be reported to the Inland Revenue Department by paying agents making payments to relevant payees Regulated
  • Report savings income payments to Inland Revenue DepartmentAny Person
s.art011 Information to be reported to the Inland Revenue Department by paying agents making payments to residual entities Regulated
  • Report savings income payments made to EU residual entitiesEmployer
s.art014 Reports by paying and receiving agents to the Inland Revenue Department Regulated
  • Report savings income to the Inland Revenue Department within 14 days of tax year endAny Person
14 other provisions — procedural and definitional
s.art001 Citation and commencement
s.art002 Extent of the Order
s.art003 Interpretation
s.art004 Meaning of paying agent
s.art006 Meaning of receiving agent
s.art007 Meaning of relevant payee
s.art008 Meaning of savings income
s.art012 Information to be reported to the Inland Revenue Department by receiving agents
s.art013 Amount of savings income to be reported to the Inland Revenue Department
s.art015 Offences by paying and receiving agents
s.art016 Audit and related issues
s.art017 Offences
s.art018 Transitional provisions – negotiable debt securities
s.art019 Relationship with other law in Montserrat

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.