Part 12Payroll giving

715Approval of schemes: regulation by Treasury

1

The Treasury may by regulations prescribe the circumstances in which F2an officer of Revenue and Customs 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—

F1i

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ii

in prescribed circumstances, to furnish to F2an officer of Revenue and Customs prescribed information;

b

for, and in relation to, appeals F3... against F4a refusal by an officer of Revenue and Customs to approve, or F5the officer's 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.