Income Tax Act 2007 section 771

Power to obtain information

Section 771 gives HMRC the power to require the provision of information relevant to the transfer of assets abroad rules contained in this Chapter.

• An officer of Revenue and Customs may request particulars from any person that are reasonably required in connection with the transfer of assets abroad provisions.
• The power applies to obtaining information relevant to determining whether tax charges arise under this Chapter.
• The requirement is limited to particulars that the officer may "reasonably require", providing a safeguard against disproportionate information requests.
• This power replaced earlier provisions that referred to the Board of Inland Revenue and inspectors of taxes, updating the terminology to reflect the modern HMRC structure.