66.This section of the Act provides a legal framework for information sharing to support the administration of the levy, to be supplemented in regulations subject to the affirmative procedure. Information sharing occurs between Revenue Scotland and relevant entities, which are specified in subsection (3) as local authorities, Registers of Scotland, the Scottish Ministers and other persons who may be specified in the regulations.
67.The regulations made under this section may provide for requirements in respect of the keeping and protection of the information, the enforcement of disclosure obligations including through financial penalties, and designating disclosures by Revenue Scotland to be permitted under the Revenue Scotland and Tax Powers Act 2014.
68.Subsection (4) provides that regulations may specify the type and form of information to be disclosed as well as the time and manner in which disclosure occurs, along with providing for disclosure in bulk. Subsection (5) requires that if regulations are to be made in respect of the matters in subsection (4), the Scottish Ministers must first consult with Revenue Scotland and other persons the Scottish Ministers consider appropriate.
Commentary on Provisions Part 4 – Administration of Levy Section 22: Information Sharing