Commentary

A4.617 DRD information notice

Administration and compliance

A4.617 DRD information notice

A4.617 DRD information notice

Where HMRC consider that a person has failed to pay a relevant sum (see A4.616) and holds one or more accounts with a deposit-taker, they may give a notice (an 'information notice') to the deposit-taker requiring it to provide them with certain information1 for the purpose only of determining whether to give a 'hold notice' (see A4.618) to a deposit taker in respect of the person concerned2. A deposit-taker is defined for these purposes as a person who may lawfully accept deposits in the UK in the course of a business3. This covers all UK banks and building societies and any overseas banks which are authorised as 'deposit takers' by the Financial Conduct

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