Policy paper

Further strengthening HMRC’s ability to implement financial sanctions

This tax information and impact note clarifies HMRC’s functions regarding payment obligations in relation to Designated Persons subject to financial sanctions regulations.

• From: HM Revenue & Customs
• Published: 15 March 2023

Documents

Strengthening legislation to implement financial sanctions

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This measure clarifies the exercise of HMRC’s functions in relation to Designated Persons subject to financial sanctions.

It ensures any future changes to UK sanctions legislation concerning Designated Persons subject to financial sanctions are automatically reflected in the exercise of HMRC’s functions.

Published 15 March 2023