Income Tax Act 2007 section 703

Power to obtain information

Section 703 gives HMRC officers the power to require information from any person in connection with the transactions in securities provisions of this Chapter.

• An HMRC officer may issue a notice requiring any person to provide information relevant to the transactions in securities rules
• The person receiving the notice must supply the requested information within 30 days
• The power applies solely for income tax purposes, with a separate equivalent applying for corporation tax
• The notice is issued by the individual HMRC officer dealing with the case, rather than by the Board of HMRC collectively