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HMRC internal manual

Enquiry Manual

From
HM Revenue & Customs
Updated
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Information Powers: TMA70/S20: Is a Formal Notice Required

The guidance at EM10111 and EM10112, adapted where necessary should be followed.

Where it is necessary to issue a formal notice, the fact that discussions have been held with the British Bankers Association and that you are acting in accordance with agreed arrangements may, if appropriate, be mentioned to the Commissioner during the consent application. The Commissioner will, of course, still have to be satisfied that you are justified in proceeding under Section 20(3).