Section 695 — Income Tax Act 2007: Notice of enquiry

Notice of enquiry 695 1 An officer of Revenue and Customs may enquire into a transaction or transactions if—

a the officer has reason to believe that section 684 (person liable to counteraction of income tax advantage) may apply to a person (“the taxpayer”) in respect of the transaction or transactions, and b the officer notifies the taxpayer of his intention to do so.

2 The notification may be given at any time not more than 6 years after the end of the tax year to which the income tax advantage in question relates.