CH23105 - Information & Inspection Powers: Information notices: Financial Institution Notice: Introduction

When requesting third party information from a Financial Institution (FI) (CH23110) you can issue a Financial Institution Notice (FIN) or a third party notice. Where possible and appropriate, you should try and obtain the required documents or information from the taxpayer, using a taxpayer notice if necessary. If the taxpayer does not produce the information or documents, then you should consider issuing a FIN or third party notice to the financial institution. Unlike a third-party notice, the FIN will not require prior agreement from the taxpayer or tribunal approval before it can be issued. It will, however, require the approval of a designated authorised officer (CH21720).

FA08/SCH36