Section 313C | Provision of information to HMRC by introducers

(1)This section applies where HMRC suspect—

(a)that a person (“P”) is an introducer in relation to a proposal, and

(b)that the proposal may be notifiable.

(1A)HMRC may by written notice require P to provide HMRC with one or both of the following—

(a)prescribed information in relation to each person who has provided P with any information relating to the proposal;

(b)prescribed information in relation to each person with whom P has made a marketing contact in relation to the proposal.

(2)A notice must specify the proposal to which it relates.

(3)P must comply with a requirement under subsection (1A) within—

(a)the prescribed period, or

(b)such longer period as HMRC may direct.