Paragraph 12

Section 313C of FA 2004 (information provided to introducers) is amended as follows.

For subsection (1) substitute—

“(1)

This section applies where HMRC suspect—

(a)

that a person (“P”) is an introducer in relation to a proposal, and

(b)

that the proposal may be notifiable.

(1A)

HMRC may by written notice require P to provide HMRC with one or both of the following—

(a)

prescribed information in relation to each person who has provided P with any information relating to the proposal;

(b)

prescribed information in relation to each person with whom P has made a marketing contact in relation to the proposal.”

In subsection (3), for “or by virtue of subsection (1)” substitute “ subsection (1A) ”.

For the heading substitute “ Provision of information to HMRC by introducers ”.