Taxation (International and Other Provisions) Act 2010 section 62

Power to obtain information and documents from members of worldwide group

Section 62 gives HMRC the power to require members of a worldwide group to provide information or documents needed to check an interest restriction return or exercise related powers.

• An HMRC officer can issue a notice requiring any group member to provide information or produce documents reasonably needed to check an interest restriction return or exercise powers under this part of the legislation for a period of account.
• A "group member" for these purposes is any person who, in an HMRC officer's opinion, is or might be a member of the worldwide group at any time during the relevant period of account.
• A group member can be required to provide information or produce documents relating to other group companies, subject to certain statutory restrictions on HMRC's information powers.
• The notice can be issued even if the person is not within the charge to corporation tax or income tax, and may specify or describe the information or documents required.