Part II Income Tax, Corporation Tax and Capital Gains Tax
Chapter II Management
Returns and information
93 Restrictions on Board’s power to call for information.
1
In section 20 of the M1Taxes Management Act 1970 (powers to call for information), after subsection (7) there shall be inserted—
7A
A notice under subsection (2) above is not to be given unless the Board have reasonable grounds for believing—
a
that the person to whom it relates may have failed or may fail to comply with any provision of the Taxes Acts; and
b
that any such failure is likely to have led or to lead to serious prejudice to the proper assessment or collection of tax.
2
This section shall apply with respect to notices given on or after the day on which this Act is passed.