Commentary on Sections Summary Schedule 8: Restricted information held by Board: certain permitted disclosures to facilitate exercise of functions Section 202: Tax Information
722.This section relates to disclosure of information by the Inland Revenue. It provides that the Inland Revenue will not be bound by the restrictions on disclosure imposed by section 182 of the Finance Act 1989, so long as the information is relevant to the exercise of the Board’s functions. When the Inland Revenue discloses information to the Board, it should treat it as “restricted information”. But by virtue of subsection (4), it may not be further disclosed unless the Commissioners of the Inland Revenue or Customs and Excise have given permission, or criminal proceedings are being brought under this Act, the Pensions Act 1995 or the Pension Schemes Act 1993.