Enforcement Citation, commencement and extent 1 1 These Regulations may be cited as the Enforcement by Deduction from Accounts (Prescribed Information) Regulations 2015 and come into force on 25th January 2016. 2 These Regulations extend to England and Wales and Northern Ireland only. Interpretation 2 In these Regulations— “account details” in respect of an account held by P means— any account number; any roll number; any sort code; the type of account, including whether or not it is a joint account; the account balance (in the currency in which the account is held); whether interest is payable in respect of amounts standing to the credit of the account and, if so, the rate of interest payable; any minimum balance required to keep the account open; any contractual term by virtue of which an account holder or interested third party may suffer economic loss where a hold notice or deduction notice is, or has been, given; specified information about— any account holder other than P; any person (not falling within paragraph (i)) who is an interested third party in relation to the account; any person who, in respect of the account, has power of attorney; “P” means the person in respect of whom HMRC has given an information notice or, as the case may be, hold notice; “Schedule 8” means Schedule 8 to the Finance (No.2) Act 2015; “specified information” in respect of a person means— name and address; national insurance number; all email addresses; all telephone numbers; in respect of an account which is a joint account, the proportion of the balance of that joint account to which the person is entitled. Information 3 1 Information is only prescribed under these Regulations if it— a is in the possession of, or immediately available to, a deposit-taker at the time the deposit-taker is given an information notice or, as the case may be, a hold notice, and b describes the account, or, as the case may be, person, at the relevant time. 2 The relevant time for the purposes of regulation 3(1)(b) is— a in the case of the information prescribed by regulations 5(1)(f) and 5(1)(g), immediately after the deposit-taker has complied with the hold notice, and b in any other case, immediately before the deposit-taker complies with the information notice, or, as the case may be, hold notice. Prescribed information in respect of an information notice 4 The following information is prescribed for the purposes of paragraph 3(2) of Schedule 8 (information notice)— a account details for each account P holds with the deposit-taker; b specified information in relation to P. Prescribed information in respect of a hold notice where an account is an affected account 5 1 The following information is prescribed for the purposes of paragraph 8(2) of Schedule 8 (duty to notify HMRC and account-holders etc )— a account details for each account P holds with the deposit-taker; b specified information in relation to P; c confirmation of which of the accounts that P holds with the deposit-taker is an affected account; d the date on which the deposit-taker complied with paragraph 6(1) of Schedule 8 (effect of hold notice); e confirmation that the deposit-taker understands the effect of paragraph 14(1)(g) of Schedule 8 (penalties); f the total of all held amounts notified by the deposit-taker under paragraph 8(2)(b) of Schedule 8 in response to a hold notice; g in respect of each account which P holds with the deposit-taker, the amount standing to the credit of the account which is not subject to action taken by the deposit-taker under paragraph 6(3) of Schedule 8; h a description of any economic loss suffered by an account holder or interested third party as a result of any contractual term specified in the definition of “account details” in regulation 2 at sub-paragraph (h). 2 In this regulation “held amounts” is to be read in accordance with paragraph 7 of Schedule 8. Prescribed information in respect of a hold notice where an account is not affected account 6 1 The following information is prescribed for the purposes of paragraph 8(4)(b) of Schedule 8. 2 The information which the deposit-taker has taken into account to determine that there are no affected accounts. Jim Harra Edward Troup Two of the Commissioners for Her Majesty’s Revenue and Customs 8th December 2015