Commentary

A4.126 Stock Exchange market makers' transactions

Administration and compliance

A4.126 Stock Exchange market makers' transactions

A4.126 Stock Exchange market makers' transactions

Note that these provisions are repealed with effect from 31 March 2012 and replaced with new data-gathering powers under FA 2011, Sch 23, see A6.325–A6.345.

HMRC have considerable powers to inspect the books, accounts and relevant documents of businesses consisting in or involving dealing in securities, and to require information from other persons concerning dealings and other transactions.

In relation to such a business, HMRC may serve on the person carrying on the business a notice requiring him to make available for inspection, within the time specified in the notice, such books, accounts or other documents

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