The Data-gathering (Ongoing Data: Interest and Payment Card Transactions) Regulations 2026
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Change 1
3 Relevant financial institution’s obligation to provide ongoing data
(1) Paragraph (2) applies to a relevant financial institution and each tax year, beginning with— (a) the tax year 2028-29, or (b) the tax year during which the relevant financial institution begins to fall within paragraph 12 of Schedule 23 to the Finance Act 2011 by virtue of the carrying on of its business as a financial institution or electronic lending system operator, whichever is later. (2) No later than 21 days after the end of the tax year, the relevant financial institution must provide to HMRC the relevant financial institution’s annual ongoing data, if any, for the tax year. (3) Paragraph (4) applies to a relevant financial institution and each quarterly data period, beginning with— (a) the quarterly data period ending with 5th July 2028, or (b) the quarterly data period during which the relevant financial institution begins to fall within paragraph 12 of Schedule 23 to the Finance Act 2011 by virtue of the carrying on of its business as a financial institution or electronic lending system operator, whichever is later. (4) No later than 21 days after the end of the quarterly data period, the relevant financial institution must provide to HMRC the relevant financial institution’s quarterly ongoing data, if any, for the period.
3 Relevant financial institution’s obligation to provide ongoing data
(1) Paragraph (2) applies to a relevant financial institution and each tax year, beginning with— (a) the tax year 2028-29, or (b) the tax year during which the relevant financial institution begins to fall within paragraph 12 of Schedule 23 to the Finance Act 2011 by virtue of the carrying on of its business as a financial institution or electronic lending system operator, whichever is later. (2) No later than 21 days after the end of the tax year, the relevant financial institution must provide to HMRC the relevant financial institution’s annual ongoing data, if any, for the tax year. (3) Paragraph (4) applies to a relevant financial institution and each quarterly data period, beginning with— (a) the quarterly data period ending with 5th July 2028, or (b) the quarterly data period during which the relevant financial institution begins to fall within paragraph 12 of Schedule 23 to the Finance Act 2011 by virtue of the carrying on of its business as a financial institution or electronic lending system operator, whichever is later. (4) No later than 21 days after the end of the quarterly data period, the relevant financial institution must provide to HMRC the relevant financial institution’s quarterly ongoing data, if any, for the period.
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