IDG62795 - Department for Business, Innovation and Skills: disclosing information to BIS for the Community Investment Tax Relief (CITR)
HMRC and BIS are jointly responsible for the operation of the Community Investment Tax Relief (CITR) and may need to exchange information in order to carry out their relevant functions.
The purpose for which information may be disclosed
Information may be required about the status of a Community Development Finance Institution (CDFI) e.g. accreditation details, or about particular arrangements between a CDFI and the SMEs in which it had invested, or between a CDFI and an investor. General information may be required to assess the way in which a scheme operates.
Procedure to follow
If you receive a request for information under this gateway, or think you may need to make a disclosure, you must contact CT & VAT policy (see IDG90100).
Legislation that allows disclosure
Section 374, Income Tax Act 2007.
Further Guidance
For further guidance on general disclosure and confidentiality issues, contact Information Strategy (see IDG90100).
