CTM92770 - CTSA: quarterly instalments: information powers

Under REG10 (see CTM92505) an Officer may, at any time after the filing date, require a company to furnish information ‘as may reasonably be required’ about:

• the computation of any instalment payments made by it,
• the reasons for any failure to make quarterly instalment payments,
• a claim to repayment under Regulation 6.

The notice must specify the time allowed for providing the information, which must not be less than 30 days.

There is a similar power under REG11 to require the company to produce:

• ‘books, documents and other records in its possession or power’ for the purposes of REG10 .

Companies may produce copies instead of originals. The copies must be photographic or other facsimiles and the Inspector can require that the company make the originals available for inspection under REG12. Where records are kept on computer, the company must provide Officers with the necessary facilities to view the documents.

Entering into correspondence and examining records under REG12 does not constitute opening a CTSA enquiry.

See the Enquiry Manual for guidance before using these information powers.