SCHEDULES

SCHEDULE 1Lifetime ISAs: further provision

Part 4Enforcement of information requirements

13Power to inspect documents relating to claims

1

This paragraph applies where a claim is made for a bonus for any qualifying additions.

2

An officer of Revenue and Customs may—

a

enter any business premises of a relevant plan manager, and

b

inspect documents that are on the premises,

if the officer reasonably requires to inspect the documents in connection with the claim.

3

A person is a “relevant plan manager” for the purposes of this paragraph if the person—

a

is the plan manager of any Lifetime ISA to which any of the qualifying additions was made,

b

was the plan manager of a Lifetime ISA at or after the time any of the qualifying additions was made to that Lifetime ISA, or

c

is the plan manager of the Lifetime ISA to which the bonus would be or has been paid.

4

See also paragraph 15.