Income Tax (Trading and Other Income) Act 2005 section 302B

Section 302A: supplementary

Section 302B provides supplementary rules about provisional notices of determination issued under the lease premium tax adjustment appeal process in section 302A.

• A provisional notice of determination issued under section 302A(2) may include a statement setting out the grounds on which the officer proposes to make the determination.
• This ability to include grounds applies even where the officer would otherwise be bound by obligations of secrecy or restrictions on disclosing information.
• The provision ensures transparency by allowing HMRC officers to explain the reasoning behind their proposed determination to the affected taxpayer.
• Confidentiality rules that would normally prevent disclosure of certain information are overridden for the purpose of explaining the basis of a proposed determination.