Part 6

Exempt income
Chapter 4

SAYE interest

Withdrawal and variation of authorisations
708
1
The Commissioners may withdraw the authorisation of a provider or vary it by imposing, varying or removing conditions.
2
The withdrawal or variation is only effective if the Commissioners —
a
specify the date on which it is to take effect, and
b
except in the case of a variation removing all conditions, give notice of it ... to the provider at least 28 days before that date.
3
The withdrawal or variation does not affect contracts made before that date.
4
The fact that a provider has had its authorisation withdrawn or varied does not affect the later exercise by the Commissioners of their powers under section 707 or this section as respects the provider.
Word in s. 708(1) substituted (retrospective to 29.4.2009) by Finance Act 2009 (c. 10), s. 50(2), Sch. 26 para. 5(2)
Word in s. 708(2) substituted (retrospective to 29.4.2009) by Finance Act 2009 (c. 10), s. 50(2), Sch. 26 para. 5(2)
Words in s. 708(2)(b) omitted (retrospective to 29.4.2009) by virtue of Finance Act 2009 (c. 10), s. 50(2), Sch. 26 para. 6(b)
Words in s. 708(4) substituted (retrospective to 29.4.2009) by Finance Act 2009 (c. 10), s. 50(2), Sch. 26 para. 5(3)