28Powers of inspection
(1)Subsection (2) below applies if—
(a)an exempt body has made a claim for exemption from tax under section 505(1), 507 or 508 of the Taxes Act 1988, and
(b)the exemption results in, or (where it has yet to be granted or allowed) would if granted or allowed result in, the repayment of income tax or the payment of a tax credit.
(2)The Board may require the body to produce for inspection by an officer of the Board all such books, documents and other records in the possession, or under the control, of the body as contain information relating to the claim.
(3)For the purposes of subsection (1) above each of the following is an exempt body—
(a)any body of persons or trust established for charitable purposes only;
(b)each of the bodies mentioned in section 507 of the Taxes Act 1988 (heritage bodies);
(c)any Association of a description specified in section 508 of that Act (scientific research organisations).
(4)In the Table in section 98 of the [1970 c. 9.] Taxes Management Act 1970 (penalties for failure to produce documents etc.) at the end of the second column there shall be inserted—
| “Section 28(2) of the Finance (No.2) Act 1992.” |
(5)Section 94 of the [1990 c. 29.] Finance Act 1990 (donations to charity: inspection powers) shall cease to have effect.
(6)This section shall apply in relation to claims made after the day on which this Act is passed.