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2(1)This paragraph applies if an officer of Revenue and Customs gives a notice of enquiry under paragraph 24(1) of Schedule 18 to FA 1998 to a general insurer.
(2)The officer may by notice require the general insurer (at the general insurer’s own expense) to provide the officer with a report as to whether (and, if so, the extent to which) the amount of any technical provisions stated in the accounts for any period covered by the company tax return into which the enquiry is made exceeds the appropriate amount.
(3)The report must cover such matters, and be in such form, as the officer may reasonably require for the purposes of the enquiry.
(4)The report must be made by a person who is appointed by the general insurer unless the officer requires the report to be made instead by another person.
(5)As soon as the general insurer appoints a person to make the report, the general insurer must give a notice to the officer specifying that person.
(6)A notice under sub-paragraph (2) must specify the time (which must not be less than 30 days) within which the general insurer is to comply with it.
(7)The following provisions of Schedule 18 to FA 1998—
(a)paragraph 28 (appeal against requirements imposed by notice under paragraph 27), and
(b)paragraph 29 (penalty for failure to comply with such a notice),
apply in relation to any notice under sub-paragraph (2) as they apply in relation to a notice under paragraph 27 of that Schedule.
(8)But the references in paragraph 28 of that Schedule to the provision of information are to be construed as references to the provision of a report under this paragraph.
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