Sch 8 para 3
(1) This paragraph applies if it appears to HMRC that— (a) a person has failed to pay a relevant sum, and (b) that person holds one or more accounts with a deposit-taker. (2) HMRC may give the deposit-taker a notice under this paragraph (an “information notice”) requiring the deposit-taker to provide HMRC with— (a) prescribed information about accounts held by the person with the deposit-taker, (b) in relation to any joint account held by the person with the deposit-taker, prescribed information about the other holder or holders of the account, and (c) any other prescribed information. (3) HMRC may exercise the power under sub-paragraph (2) only for the purposes of determining whether to give a hold notice to the deposit-taker in respect of the person concerned (see paragraph 4). (4) Where a deposit-taker is given an information notice, it must comply with the notice as soon as reasonably practicable and, in any event, within the period of 10 working days beginning with the day on which the notice is given to it. (5) An information notice must explain the effect of— (a) sub-paragraph (4), and (b) paragraph 14 (penalties).