Part 12Payroll giving
715Approval of schemes: regulation by Treasury
1
The Treasury may by regulations prescribe the circumstances in which the Inland Revenue may grant or withdraw approval of any—
a
scheme,
b
kind of scheme, or
c
agent.
2
The circumstances, whether relating to the terms of schemes or the qualifications of agents or otherwise, are to be such as the Treasury think fit.
3
The Treasury may by regulations make provision—
a
requiring a payer or agent who participates (or has at any time participated) in an approved scheme under this Part—
i
to comply, within a prescribed period, with any notice which the Inland Revenue give to the payer or agent to make available for their inspection documents or records of a prescribed kind,
ii
in prescribed circumstances, to furnish to the Inland Revenue prescribed information;
b
for, and in relation to, appeals to the Special Commissioners against the Inland Revenue’s refusal to approve, or their withdrawal of approval from, any—
i
scheme,
ii
kind of scheme, or
iii
agent;
c
generally for giving effect to sections 713 and 714.
In this subsection “prescribed” means prescribed by the regulations.