SCHEDULES

SCHEDULE 8Employee share schemes

PART 2SAYE option schemes

Amendments to Chapter 7 of Part 7 of ITEPA 2003

118

1

Paragraph 45 (power to require information) is amended as follows.

2

For sub-paragraph (1) substitute—

1

An officer of Revenue and Customs may by notice require a person to provide the officer with any information—

a

which the officer reasonably requires for the performance of any functions of Her Majesty's Revenue and Customs or an officer of Revenue and Customs under the SAYE code, and

b

which the person to whom the notice is addressed has or can reasonably obtain.

3

In sub-paragraph (2)(a)—

a

for sub-paragraph (i) substitute—

i

to check anything contained in a notice under paragraph 40A or a return under paragraph 40B or to check any information accompanying such a notice or return, or”, and

b

in sub-paragraph (ii) after “scheme” insert “ or any other person whose liability to tax the operation of a scheme is relevant to ”.