SCHEDULES

SCHEDULE 2 U.K. Approved share incentive plans

Part 11 U.K. Supplementary provisions

Power to require information U.K.

93 (1) [F1 An officer of Revenue and Customs] may by notice require a person to provide [F2 the officer] with information— U.K.

(a) which [F2 the officer] reasonably [F3 requires] for the performance of [F4 the officer's] functions under the SIP code, and

(b) which the person to whom the notice is addressed has or can reasonably obtain.

(2) The power conferred by this paragraph extends, in particular, to—

(a) information to enable [F1 an officer of Revenue and Customs] —

(i) to decide whether to approve a SIP or to withdraw an approval already given, or

(ii) to determine the liability to tax, including capital gains tax, of any person who has participated in a plan, and

(b) information about the administration of a plan and any proposed alteration of the terms of a plan.

(3) The notice must require the information to be provided within a specified period, which must not end earlier than 3 months after the date when the notice is given.

Textual Amendments

F1 Words in Act substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 102(1); S.I. 2005/1126, art. 2(2)(h)

F2 Words in Sch. 2 para. 93(1) substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 103(1)(m); S.I. 2005/1126, art. 2(2)(h)

F3 Word in Sch. 2 para. 93(1)(a) substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 121(d); S.I. 2005/1126, art. 2(2)(h)

F4 Words in Sch. 2 para. 93(1)(a) substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 103(2)(c); S.I. 2005/1126, art. 2(2)(h)