[F151A(1)This paragraph applies if—U.K.
(a)a person (“P”) is given a third party notice or financial institution notice (“the notice”), and
(b)the tribunal has disapplied the requirement in paragraph 4(1) or 4A(7)(a) (as the case may be) to give a copy of the notice to the taxpayer to whom it relates.
(2)The notice may include a requirement that P must not disclose the notice, or anything relating to it, to—
(a)the taxpayer to whom the notice relates, or
(b)any other person, except for a purpose relating to compliance with the notice.
(3)A requirement imposed under sub-paragraph (2) has effect for a period of 12 months beginning with the day on which P is given the notice unless, before the end of that period—
(a)the requirement is withdrawn in accordance with sub-paragraph (4), or
(b)the period is extended in accordance with sub-paragraph (5).
(4)An officer of Revenue and Customs may, by notice in writing to P, withdraw a requirement imposed under sub-paragraph (2).
(5)An officer of Revenue and Customs may—
(a)by notice in writing to P, extend the period for which a requirement imposed under sub-paragraph (2) has effect for a further period of 12 months (beginning with the day after the last day of the previous period), and
(b)do so on one or more occasions.
(6)An officer of Revenue and Customs may act under sub-paragraph (4) or (5) only if—
(a)the officer is an authorised officer of Revenue and Customs, or
(b)an authorised officer of Revenue and Customs has agreed to the withdrawal of the requirement or the extension of the period (as the case may be).
(7)An authorised officer of Revenue and Customs may only extend, or agree to the extension of, a period under sub-paragraph (5) if that officer has reasonable grounds for believing that not doing so might prejudice the assessment or collection of tax.]
Textual Amendments
F1Sch. 36 paras. 51A-51C and cross-heading inserted (10.6.2021) by Finance Act 2021 (c. 26), Sch. 34 para. 2