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Regulation 10 Recovery on withdrawal of approval of schemes

Original text. Later amendments are not shown.

Where a scheme administrator furnishes to the Board information in accordance with regulation 12(2) he shall at the time that he furnishes the information —

(a)

pay to the Board the amount (if any) referred to in regulation 12(3)(d); and

(b)

if he fails so to do, that amount shall immediately be recoverable by the Board in the same manner as tax charged by an assessment on the scheme administrator which has become final and conclusive.