Commentary

D9.455 Information

Corporate tax
Corporate tax | Commentary

D9.455 Information

Corporate tax | Commentary

Administration

D9.455 Information

Under the HMRC information and inspection powers (A6.316) an officer of HMRC may by notice, and subject to certain safeguards, require any third party to provide information or produce documents that are reasonably required by that officer for the purpose of checking the tax position of another person whose identity is known1. A similar power2 exists in respect of persons whose identity is not known. In the specific case of the accrued income scheme, these 'third-party notices' may be served on members of the Stock Exchange and others.

Penalties may be imposed

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