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Legislation
Income Tax (Trading and Other Income) Act 2005

Chapter 4 SAYE interest

  • Section 702 Interest under certified SAYE savings arrangements
  • Section 703 Meaning of “certified SAYE savings arrangement”
  • Section 704 Types of arrangements and providers
  • Section 705 Certification of arrangements
  • Section 706 Withdrawal and variation of certifications and connected requirements
  • Section 707 Authorisation of providers
  • Section 708 Withdrawal and variation of authorisations
  1. Chapter 4 · SAYE interest
  2. Withdrawal and variation of authorisations

Section 708 | Withdrawal and variation of authorisations

From legislation.gov.uk

(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(4)The fact that a provider has had its authorisation withdrawn or varied does not affect the later exercise by the Commissioners of their powers under section 707 or this section as respects the provider.

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