SCHEDULES

SCHEDULE 3Approved SAYE option schemes

Part 9Supplementary provisions

Power to require information

45

(1)

F1An officer of Revenue and Customs may by notice require any person to provide F2the officer with any information—

(a)

which F2the officer reasonably F3requires for the performance of F4the officer's functions under the SAYE 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 F1an officer of Revenue and Customs —

(i)

to decide whether to approve an SAYE option scheme 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 scheme, and

(b)

information about the administration of a scheme and any alteration of the terms of a scheme.

(3)

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