Savings (Government Contributions) Act 2017 section Sch 1 para 6

HMRC information powers relating to bonus claims

Schedule 1 paragraph 6 sets out the powers of HMRC officers to require information and documents when investigating a claim for a government bonus on qualifying additions to a Lifetime ISA.

• When a bonus claim is made on qualifying additions, HMRC officers can require the plan manager or the person who made the additions to provide information or produce documents relevant to the claim.
• The existing information notice rules from Schedule 36 to the Finance Act 2008 (covering safeguards, compliance, penalties and appeals) apply to these HMRC requests in the same way as they apply to standard HMRC information notices.
• If the information notice is sent to someone other than the relevant plan manager, HMRC must also send a copy of the notice to each relevant plan manager connected with the Lifetime ISA in question.
• A person who receives such a notice has the right to appeal against the notice itself or against any specific requirement contained within it, using the appeal procedures set out in the Finance Act 2008.