SCHEDULES
SCHEDULE 11Employment income provided through third parties: loans etc outstanding on 5 April 2019
PART 2Approval of a qualifying loan etc.
24Accelerated payments
1
The relevant person may make an application to the Commissioners for Her Majesty’s Revenue and Customs for P to be treated—
a
as taking the relevant step only if the condition in sub-paragraph (2) is met, and
2
The condition is that, on the withdrawal of the accelerated payment notice or on the determination of an appeal, any part of the accelerated payment is repaid.
3
4
An application may be made after 2018 if an officer of Revenue and Customs considers it is reasonable in all the circumstances for the relevant person to make a late application.
5
An application must be made in such form and manner, and contain such information, as may be specified by, or on behalf of, the Commissioners for Her Majesty’s Revenue and Customs.
6
An officer of Revenue and Customs must notify the applicant of the decision on an application under this paragraph.
7
A favourable decision on an application under this paragraph may be revoked by an officer of Revenue and Customs if the officer considers that—
a
information provided in making the application contained an inaccuracy, and
b
the inaccuracy was deliberate on the applicant’s part.
8
Where the decision on an application is revoked under sub-paragraph (7), the application is to be treated as having been refused at the outset.