Section 715 — Income Tax (Earnings and Pensions) Act 2003: Approval of schemes: regulation by Treasury

Approval of schemes: regulation by Treasury 715 1 The Treasury may by regulations prescribe the circumstances in which an officer of Revenue and Customs may grant or withdraw approval of any—

a scheme, b kind of scheme, or c agent.

2 The circumstances, whether relating to the terms of schemes or the qualifications of agents or otherwise, are to be such as the Treasury think fit.

3 The Treasury may by regulations make provision—

a requiring a payer or agent who participates (or has at any time participated) in an approved scheme under this Part—

i . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ii in prescribed circumstances, to furnish to an officer of Revenue and Customs prescribed information;

b for, and in relation to, appeals ... against a refusal by an officer of Revenue and Customs to approve , or the officer's withdrawal of approval from, any—

i scheme, ii kind of scheme, or iii agent;

c generally for giving effect to sections 713 and 714. In this subsection “ prescribed ” means prescribed by the regulations.