Payment of withdrawal chargesU.K.
9(1)Treasury regulations may make provision—U.K.
(a)for requiring a person who is or was a plan manager of a Lifetime ISA, or the investor, to submit returns of information relating to withdrawals from the Lifetime ISA;
(b)about steps to be taken by the plan manager of a Lifetime ISA before relying on paragraph 7;
(c)specifying the date by which a withdrawal charge must be paid;
(d)charging interest on a withdrawal charge that is due but unpaid;
(e)for collecting a withdrawal charge and any interest charged on it, or otherwise for the purpose of fully implementing paragraph 8;
(f)for refunding a withdrawal charge or any interest paid on it.
(2)The provision that may be made under sub-paragraph (1)(a) includes (in particular) provision about—
(a)the information to be included in a return;
(b)the form of a return;
(c)the form or manner in which a return is to be submitted;
(d)the period to which a return must relate;
(e)the period within which a return must be made;
(f)enquiries into, and amendments of, a submitted return.
(3)The provision that may be made under sub-paragraph (1)(e) includes (in particular) provision applying or incorporating, with or without modifications, any enactment relating to the payment, collection or management of a tax.
(4)In this paragraph “withdrawal charge” means an amount payable under paragraph 8.
(5)Treasury regulations may authorise HMRC to specify any of the matters mentioned in sub-paragraph (2)(a) to (d).