Section 341 Terms and conditions of accreditation

United Kingdom

(1)

An accreditation under this Chapter must—

(a)

be made on—

(i)

any terms required by regulations, and

(ii)

any other terms the Secretary of State considers appropriate, and

(b)

be made conditional on compliance with—

(i)

any requirements imposed by regulations, and

(ii)

any other requirements the Secretary of State considers appropriate.

(2)

The requirements that may be imposed by virtue of subsection (1)(b) include requirements relating to the provision of information.

(3)

Regulations may—

(a)

make provision for appeals to the F1tribunal against refusals to grant accreditation under this Chapter,

(b)

make provision about the consequences of a failure to comply with any requirement of an accreditation, including—

(i)

provision for the withdrawal of the accreditation with effect from the time of the failure or a later time, and

(ii)

provision for the imposition of penalties,

(c)

make provision for the making of decisions by the Secretary of State as to any matter required to be decided for the purposes of the regulations,

(d)

make different provision for different cases or circumstances or in relation to different areas, and

(e)

contain incidental, supplemental, consequential and transitional provision and savings.

F2(3A)

Regulations under this section may include provision for the purposes of Part 7 of CTA 2010 in addition to provision made for the purposes of this Part.

(4)

In this section “regulations” means regulations made by the Treasury.

Annotations

Textual amendments

F1: Word in s. 341(3)(a) substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 451
F2: S. 341(3A) inserted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 509 (with Sch. 2)

Notes on Part 7

Modifications

C1: Pt. 7 modified by 2005 c. 7, s. 54A (as inserted (10.7.2008) by The Alternative Finance Arrangements (Community Investment Tax Relief) Order 2008 (S.I. 2008/1821), arts. 1, 2)