SCHEDULES
SCHEDULE 8Enforcement by deduction from accounts
PART 1Scheme for enforcement by deduction from accounts
Consideration of objections
11
1
HMRC must consider any objections made under paragraph 10 within 30 working days of being given the notice of objection.
2
Having considered the objections, HMRC must decide whether—
a
to cancel the hold notice,
b
to cancel the effect of the hold notice in relation to the held amount, or any part of the held amount, in respect of a particular account or accounts, or
c
to dismiss the objection.
3
HMRC must give a notice stating its decision to—
a
P,
b
each person other than P who objected, and
c
any other person who HMRC considers is affected by the decision and is—
i
a person who holds a relevant account of which P is also a holder and in respect of whom prescribed information is provided under paragraph 8(2)(c), or
ii
an interested third party in relation to a relevant account in respect of whom sufficient information has been given in the notice under paragraph 8(2) to enable HMRC to give a notice.
4
HMRC must, by a notice to the deposit-taker—
a
if it makes a decision under sub-paragraph (2)(a), cancel the hold notice;
b
if it makes a decision under sub-paragraph (2)(b), cancel the effect of the hold notice in relation to the accounts or amounts in question.
5
HMRC must give each person to whom HMRC is required to give a notice under sub-paragraph (3) a copy of any notice given to the deposit-taker under sub-paragraph (4).
6
Where the deposit-taker is given a notice under sub-paragraph (4), it must as soon as reasonably practicable and, in any event, within the period of 5 working days beginning with the day the notice is given—
a
if the notice is given under sub-paragraph (4)(a), cancel the arrangements mentioned in paragraph 6(3), or
b
if the notice is given under sub-paragraph (4)(b), make such adjustments to those arrangements as are necessary to give effect to the notice.
7
In this paragraph references to the effect of a hold notice are to its effect by virtue of paragraph 6(4).