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Regulation 28 Applications accepted by the Inland Revenue having no effect

Original text. Later amendments are not shown.

For the purposes of Part 4 of the Finance Act 2003 and these Regulations, an application which has been accepted by the Inland Revenue—

(a)

shall have no effect if—

(i)

it contains false or misleading information; or

(ii)

any facts or circumstances relevant to it are not disclosed to the Inland Revenue; and

(b)

shall cease to have any effect if the facts and circumstances relevant to it materially change.