SDLTM84620 - Compliance: Information powers

FA03/SCH10/PARA14 requesting information from the purchaser: Opportunity to provide the information

The legislation states that the notice under FA03/SCH10/PARA14(2) may be given at the same time as the notice of enquiry.

However you would normally have already informally requested the information and given the purchaser a reasonable period in which to supply the information. See SDLTM80980.

If an informal request has not been complied with, then a formal notice under FA03/SCH10/PARA14 should be issued to the purchaser, it should

• state that the purchaser is required to produce the information by law
• setting out clearly what documents or particulars are required
• advise that a penalty under FA03/SCH10/PARA16 will be sought if the documents or particulars are not produced by a specific date. The time allowed should be not less than 30 days from the date of receipt of the formal notice but more time may be given if, for example, extensive particulars need to be compiled
• explain the purchaser’s right of appeal against the notice under FA03/SCH10/PARA15

A copy of the notice under FA03/SCH10/PARA14 should be sent to the purchaser’s agent.