# Finance Act 2013, Paragraph 3

Extent: E+W+S+N.I.

(1) The decision of a designated HMRC officer whether or not to give R a pooling notice or notice of binding must be taken, and any notice must be given, as soon as is reasonably practicable after the officer becomes aware of the relevant facts.
(2) A pooling notice or notice of binding must—
(a) specify the tax arrangements in relation to which the notice is given and the tax advantage,
(b) explain why the officer considers R's arrangements to be equivalent to the lead arrangements or the counteracted arrangements (as the case may be),
(c) explain why the officer considers that a tax advantage has arisen to R from tax arrangements that are abusive,
(d) set out the counteraction that the officer considers ought to be taken, and
(e) explain the effect of—
(i) paragraphs 4 to 10,
(ii) subsection (9) of section 209, and
(iii) section 212A.
(3) A pooling notice or notice of binding may set out steps that R may (subject to subsection (9) of section 209) take to avoid the proposed counteraction.

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Source: https://www.legislation.gov.uk/ukpga/2013/29/schedule/43A/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-2013/schedule-43A/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.