- Latest available (Revised)
- Original (As enacted)
Finance Act 2014, Section 255 is up to date with all changes known to be in force on or before 23 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
(1)An authorised officer, or an officer of Revenue and Customs with the approval of an authorised officer, may by notice in writing require any person (“P”) to whom this section applies—
(a)to provide information, or
(b)to produce a document,
if the information or document is reasonably required by the officer for any of the purposes in subsection (3).
(2)This section applies to—
(a)any person who is a monitored promoter, and
(b)any person who is a relevant intermediary in relation to a monitored proposal of a monitored promoter,
and in either case that monitored promoter is referred to below as “the relevant monitored promoter”.
(3)The purposes mentioned in subsection (1) are—
(a)considering the possible consequences of implementing a monitored proposal of the relevant monitored promoter for the tax position of persons implementing the proposal,
(b)checking the tax position of any person who the officer reasonably believes has implemented a monitored proposal of the relevant monitored promoter, or
(c)checking the tax position of any person who the officer reasonably believes has entered into transactions forming monitored arrangements of the relevant monitored promoter.
(4)A person is a “relevant intermediary” in relation to a monitored proposal if the person meets the conditions in section 236(a) to (c) (meaning of “intermediary”) in relation to the proposal at any time after the person has been notified of a promoter reference number of a person who is a promoter in relation to the proposal.
(5)In this section “checking” includes carrying out an investigation or enquiry of any kind.
(6)In this section “tax position”, in relation to a person, means the person's position as regards any tax, including the person's position as regards—
(a)past, present and future liability to pay any tax,
(b)penalties and other amounts that have been paid, or are or may be payable, by or to the person in connection with any tax,
(c)claims, elections, applications and notices that have been or may be made or given in connection with the person's liability to pay any tax,
(d)deductions or repayments of tax, or of sums representing tax, that the person is required to make—
(i)under PAYE regulations, or
(ii)by or under any other provision of the Taxes Acts, and
(e)the withholding by the person of another person's PAYE income (as defined in section 683 of ITEPA 2003).
(7)In this section the reference to the tax position of a person—
(a)includes the tax position of a company that has ceased to exist and an individual who has died, and
(b)is to the person's tax position at any time or in relation to any period.
(8)A notice under subsection (1) which is given for the purpose of checking the tax position of a person mentioned in subsection (3)(b) or (c) may not be given more than 4 years after the person's death.
(9)A notice under subsection (1) may specify or describe the information or documents to be provided or produced.
(10)Information or a document required as a result of a notice under subsection (1) must be provided or produced within—
(a)the period of 10 days beginning with the day on which the notice was given, or
(b)such longer period as the officer who gives the notice may direct.
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: