Legislation – Finance Act 2026
Changes to legislation:
Finance Act 2026, Section 226 is up to date with all changes known to be in force on or before 17 April 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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- Pt. 15 excluded by S.I. 2026/331 reg. 19
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Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- Pt. 15 excluded by S.I. 2026/331 reg. 19
Part 7Tax advisers
Chapter 1Registration
Application process
226Meaning of “relevant individual” and “officer”
(1)
For the purposes of this Chapter “relevant individual”, in relation to a tax adviser that is an organisation with fewer than six officers, means—
(a)
each individual who works for the tax adviser and who plays a significant role in—
(i)
the making of decisions about how the whole or a substantial part of the tax adviser activities of the organisation are to be managed or organised, or
(ii)
the actual managing or organising of the whole or a substantial part of those activities, and
(b)
each officer of the tax adviser who is not within paragraph (a).
(2)
For the purposes of this Chapter “relevant individual”, in relation to a tax adviser that is an organisation with six or more officers, means—
(a)
each individual who works for the tax adviser and who plays a significant role in—
(i)
the making of decisions about how the whole or a substantial part of the tax adviser activities of the organisation are to be managed or organised, or
(ii)
the actual managing or organising of the whole or a substantial part of those activities, and
(b)
if the organisation has fewer than five officers within paragraph (a), each officer of the tax adviser nominated by the adviser to be a relevant individual (see section 227(4) (registration conditions)).
(3)
In this Chapter “officer” means—
(a)
in relation to a company, a director;
(b)
in relation to a body corporate whose affairs are managed by its members, a member who exercises functions of management with respect to it;
(c)
in relation to a body corporate not within paragraph (a) or (b), an officer of the body whose functions correspond to those of a director of a company;
(d)
in relation to a partnership, a partner;
(e)
in relation to any other organisation, a person who exercises functions of management with respect to it.