Information in connection with herd basis election

37A

1

This paragraph applies to a taxpayer notice given to a person carrying on a trade in relation to which a herd basis election is made if the notice refers only to information or documents that relate to—

a

the animals kept for the purposes of the trade, or

b

the products of those animals.

2

Paragraph 21 (restrictions on giving taxpayer notice where taxpayer has made tax return) does not apply in relation to the notice.

3

“Herd basis election” means an election under Chapter 8 of Part 2 of ITTOIA 2005 or Chapter 8 of Part 3 of CTA 2009.

Information from persons liable to counteraction of tax advantage

37B

1

This paragraph applies to a taxpayer notice given to a person if—

a

it appears to an officer of Revenue and Customs that a counteraction provision may apply to the person by reason of one or more transactions, and

b

the notice refers only to information or documents relating to the transaction (or, if there are two or more transactions, any of them).

2

Paragraph 21 (restrictions on giving taxpayer notice where taxpayer has made tax return) does not apply in relation to the notice.

3

“Counteraction provision” means—

a

section 703 of ICTA (company liable to counteraction of corporation tax advantage), or

b

section 684 of ITA 2007 (person liable to counteraction of income tax advantage).