IDG63290 - Procedure for disclosing to others (government): If the FSA request information from teams in the former Revenue side of the business

Section 350 Financial Services and Marketing Act 2000 allows the department to supply the FSA with information for assisting the FSA with an investigation. It is important to note when considering this provision that Schedule 2 Part 2 of CRCA specifically provides that only information held or obtained in connection with former Inland Revenue functions may be disclosed under this gateway.

If you receive a request for information from the FSA please do the following:

• Establish the reason for which the FSA is investigating the taxpayer, and why HMRC information is necessary for that investigation;
• Contact Information Strategy (see IDG90100). They will advise you on how further to proceed.