C1F1PART 5ASeed enterprise investment scheme
Pt. 5A applied by Taxation of Chargeable Gains Act 1992 (c. 12), Sch. 5BB para. 8(4) (as inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 6 para. 5)
CHAPTER 7Withdrawal or reduction of SEIS relief: procedure
Information
257GGPower to require information where section 257GE or 257GF applies or could have applied
1
This section applies if an officer of Revenue and Customs has reason to believe that a person—
a
has not given a notice which the person is required to give under section 257GE or 257GF in respect of any event, or
b
has given or received value within the meaning of section 257FH(2) or (8) which, but for the fact that the amount given or received was an amount of insignificant value, would have triggered a requirement to give such a notice.
2
The officer may by notice require the person concerned to supply the officer, within such time as the officer may specify in the notice, with such information relating to the event as the officer may reasonably require for the purposes of this Part.
3
The period specified in a notice under subsection (2) must be at least 60 days.
4
In subsection (1)(b), the reference to an amount of insignificant value is construed in accordance with section 257FG(2).
Pt. 5A inserted (17.7.2012) (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by Finance Act 2012 (c. 14), Sch. 6 para. 1