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Regulation 12 Recovery on withdrawal of approval of schemes or of arrangements

Original text. Later amendments are not shown.

Where a scheme administrator gives to the Board information in accordance with regulation 14(2) he shall at the time that he gives the information—

(a)

pay to the Board the amount (if any) referred to in regulation 14(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.