INTM603960 - Transfer of assets abroad: Information powers: Further information needed

It is important to check that Notices are fully complied with and that all particulars required by the Notice have been supplied in full.

If there is missing or incomplete information, or there are replies that in effect avoid a question, then the agent (or the taxpayer, if no agent is acting) should be contacted as soon as the time limit has passed.

If a satisfactory explanation is given, an appropriate extension of time may be allowed (see INTM603920).

If no satisfactory explanation is given, the agent (or the taxpayer if no agent is acting) should be advised that the Notice has not been complied with and that penalty proceedings are now to be considered (see INTM603980).

When the particulars required by a Notice are received and examined, it will often be the case that additional follow-up information is required. This should be sought by further Notice, letter or interview, as appropriate.