Section 270 | Information

(1)An HMRC officer may require a qualifying person to provide, within such period as the officer may specify, such information as may reasonably be required in connection with an, or an application for an, advance tax clearance.

(2)If a qualifying person fails to comply with a duty imposed under this section in connection with a clearance, an HMRC officer may revoke the clearance or any part of it.

(3)The effect of a revocation under this section is that the clearance, or (as the case may be) the part of the clearance, is treated as never having been given.

(4)A qualifying person is liable to a penalty of £5,000 if the person fails to comply with a duty imposed under this section.