SCHEDULE 34 Information Powers: Miscellaneous Amendments
Finance Act 2021 (2021 c 26) | Legislation

SCHEDULE 34 Information Powers: Miscellaneous Amendments

Section 128

1

Schedule 36 to FA 2008 (information and inspection powers) is amended as follows.

Disclosure of third party or financial institution notice

2

After paragraph 51 insert—

“Disclosure of third party or financial institution notice

51A

(1)     This paragraph applies if—

(a)     a person (“P”) is given a third party notice or financial institution notice (“the notice”), and

(b)     the tribunal has disapplied the requirement in paragraph 4(1) or 4A(7)(a) (as the case may be) to give a copy of the notice to the taxpayer to whom it relates.

(2)     The notice may include a requirement that P must not disclose the notice, or anything relating to it, to—

(a)     the taxpayer to whom the notice relates, or

(b)     any other person, except for a purpose relating to compliance with the notice.

(3)     A requirement imposed under sub-paragraph (2) has effect for a period of 12 months beginning with the day on which P is given the notice unless, before the end of that period—

(a)     the requirement is withdrawn in accordance with sub-paragraph (4), or

(b)     the period is extended in accordance with sub-paragraph (5).

(4)

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