Paragraph 31 I1

(1)

This paragraph 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.

(2)

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.

(3)

A notice must specify the proposal to which it relates.

(4)

P must comply with a requirement under or sub-paragraph(2) within—

(a)

the relevant period, or

(b)

such longer period as HMRC may direct.

(5)

In sub-paragraph (4) “the relevant period” is the period of 11 days beginning with the day on which the notice under sub-paragraph (2) is given.

Annotations

I1: Sch. 17 para. 31 in force at Royal Assent for specified purposes and at 1.1.2018 otherwise, see s. 66(4)

C1: Sch. 17 modified (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by 1994 c. 23, Sch. 9ZA para. 80 (as inserted by Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 2 para. 2 (with s. 3(4), Sch. 2 para. 7(7)-(10)); S.I. 2020/1642, reg. 9)