Income Tax Act 2007 section 257SI

Confidentiality

Section 257SI sets out the circumstances in which HMRC may share confidential taxpayer information with certain parties in connection with social investment (SI) tax relief, and the restrictions on any onward disclosure of that information.

• HMRC may tell a social enterprise that SI relief has been obtained or claimed in respect of a particular number or proportion of investments in it — for example, to help the enterprise calculate its position under de minimis State aid rules.
• HMRC may also share information with the Regulator of Community Interest Companies (for the Regulator's functions), with a Minister of the Crown (for functions relating to accreditation of social impact contractors), or with a person to whom such ministerial functions have been delegated.
• Information shared with those bodies must not be passed on further unless HMRC consents or an enactment requires it, and even with consent the onward disclosure must be limited to the original purpose for which the information was shared.
• Unauthorised disclosure of HMRC information that identifies, or could identify, a person is a criminal offence under the Commissioners for Revenue and Customs Act 2005.