Part of Orders of the Day — Finance Bill – in the House of Commons at 12:00 am on 25 May 1960.
This Amendment creates a procedure which will enable a person whom the Commissioners of Inland Revenue think to be within the Clause to have his case considered by the new Tribunal before the Inland Revenue takes any action. The Amendment requires the Commissioners to give a preliminary notice that they have reason to believe that the Clause may apply to a person in respect of a specified transaction or transactions. He then has thirty days in which to make a statutory declaration to the effect that, in his opinion—