A company may fail to comply with a Board's notice under
ICTA88/S755. In that case the penalty rules of TMA70/S98 apply.
A company may say that it genuinely cannot comply with a
notice requiring information. This may be the case, for example,
where the UK company is a minority shareholder in the controlled
foreign company. Another possibility might be that the laws of the
territory in which the controlled foreign company is based prohibit
the production of the relevant information. The Board will consider
representations in cases like these.
