695Preliminary notification that section 684 may applyU.K.
This section has no associated Explanatory Notes
(1)An officer of Revenue and Customs must notify a person if the officer has reason to believe that—
(a)section 684 (person liable to counteraction of income tax advantage) may apply to the person in respect of a transaction or transactions, and
(b)a counteraction notice ought to be served on the person under section 698 about the transaction or transactions.
(2)The notification must specify the transaction or transactions.
(3)See section 698 for the serving of counteraction notices, and sections 696 and 697 for cases where the person on whom the notice under this section is served disagrees that section 684 applies.