http://www.legislation.gov.uk/ukpga/2007/3/section/257SHIncome Tax Act 2007An Act to restate, with minor changes, certain enactments relating to income tax; and for connected purposes.texttext/xmlenStatute Law Database2026-08-13Expert Participation2026-07-15 Income Tax Act 2007s. 788(7)Legal Services Act 2007Sch. 21 para. 161(b)s. 29 192 193s. 211(2)art. 2(h) PART 5BCHAPTER 8257SH1Subsection (2) applies if SI relief is claimed in respect of the investment, and an officer of Revenue and Customs has reason to believe that it may not be due because of any such arrangements as are mentioned in section 257LB(1), 257LC, 257LE, 257LEA, 257LH, 257ME(3), 257MK(2) or (4), 257MM(5) or (6), 257MN(5), 257MU or 257MV(1), (5), (6) or (7).2The officer may by notice require any person concerned to supply the officer within such time as may be specified in the notice with—aa declaration in writing stating whether or not, according to the information which that person has or can reasonably obtain, any such arrangements exist or have existed, andbsuch other information as the officer may reasonably require for the purposes of the provision in question and as that person has or can reasonably obtain.3The period specified in a notice under subsection (2) must be at least 60 days.4For the purposes of subsection (2), in the case of a provision listed in column 1 of the following table, the person concerned is given by the corresponding entry in column 2 of the table.ProvisionThe person concernedSection 257LB(1) or 257LCThe investor, the social enterprise and any person connected with the social enterpriseSection 257LE or 257MK(2) or (4)The investor, the social enterprise and any person controlling the social enterprise Section 257LEA The investor, the social enterprise, any person controlling the social enterprise and any person whom an officer of Revenue and Customs has reason to believe may be a party to the arrangements in questionSection 257LHThe investorSection 257ME(3), 257MU(1) or 257MV(1)The social enterprise and any person controlling the social enterpriseSection 257MM(5) or (6), 257MN(5), 257MU(2), (3) or (4) or 257MV(5), (6) or (7)The investor, the social enterprise, any other company in question, and any person controlling the social enterprise or any other company in questionReferences in the table to the investor include references to any person to whom the investor appears to have made such a transfer as is mentioned in section 257T (spouses or civil partners) of the whole or part of the investment.5If SI relief has been obtained in respect of the investment—aany person who receives from the social enterprise any payment or asset which may constitute value received (by the person or another) for the purposes of section 257Q, andbany person on whose behalf such a payment or asset is received,must, if so required by an officer of Revenue and Customs, state whether the payment or asset so received is received on behalf of any other person and, if so, the name and address of that other person.6If SI relief has been claimed in respect of the investment—aany person who holds or has held investments in the social enterprise, andbany person on whose behalf any such investments are or were held,must, if so required by an officer of Revenue and Customs, state whether the investments so held are or were held on behalf of any other person and, if so, the name and address of that other person.Pt. 5B inserted (17.7.2014) by Finance Act 2014 (c. 26), Sch. 11 para. 1Words in s. 257SH(4) inserted (with effect in accordance with Sch. 1 para. 14(3)(4) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 1 para. 5(3)Word in s. 257SH(1) inserted (with effect in accordance with Sch. 1 para. 14(3)(4) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 1 para. 5(2)