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Paragraph 64

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The Inland Revenue may by notice require any person to furnish them, within such time as the Inland Revenue may direct (not being less than three months), with such information as—

(a)

the Inland Revenue think necessary for the performance of their functions under this Schedule, and

(b)

the person to whom the notice is addressed has or can reasonably obtain.

(2)

The power conferred by this paragraph extends, in particular, to information to enable the Inland Revenue—

(a)

to decide whether an option is a qualifying option, or

(b)

to determine the liability to tax, including capital gains tax, of any person who has been granted a qualifying option.

(3)

In section 98 of the M1Taxes Management Act 1970 (penalties in connection with returns, etc.), in the first column of the table, after the final entry insert—

“paragraph 64 of Schedule 14 to the Finance Act 2000;”.

Annotations

Marginal citations

M1

1970 c. 9.

Notes on Schedule 14

Textual amendments

F1

Sch. 14 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)