Savings (Government Contributions) Act 2017 section Sch 1 para 13

HMRC powers to inspect plan manager premises in connection with bonus claims

Schedule 1 paragraph 13 gives HMRC officers the right to enter a Lifetime ISA plan manager's business premises and inspect documents when a government bonus has been claimed on qualifying additions.

• When a claim is made for a government bonus on qualifying additions to a Lifetime ISA, HMRC officers have the power to enter the business premises of a relevant plan manager and inspect documents held there.
• This power can only be exercised where the officer reasonably requires to inspect the documents in connection with the bonus claim.
• A "relevant plan manager" covers three categories: the current plan manager of the Lifetime ISA that received the qualifying additions; any person who was the plan manager at or after the time the additions were made; or the plan manager of the Lifetime ISA to which the bonus would be or has been paid.
• Supplementary provisions about how these inspection powers operate are set out in paragraph 15 of Schedule 1.