[F1SCHEDULEU.K.LIFETIME ISA FURTHER PROVISION

Withdrawals: information returnsU.K.

13.—(1) For the purposes of paragraph 9(1)(a) of Schedule 1, within 14 days after the end of a claim period, a person who is or was an account manager of a Lifetime ISA during that period must submit to the Board returns of information relating to the Lifetime ISA in respect of that period.

(2) The Board may from time to time specify—

(a)the information to be included in a return;

(b)the form of a return;

(c)the form or manner in which a return is to be submitted; and

(d)the period to which a return must relate.

(3) Where a return has been made and the account manager becomes aware within four years after the end of the claim period that—

(a)anything which should have been included in the return has not been so included,

(b)anything which should not have been included in the return has been so included, or

(c)any other error has occurred in the return,

the account manager must correct the error without delay.

(4) The Board may enquire into a return if the Board has reasonable grounds for believing that an error has occurred in the return and give notice to the account manager of the Board’s intention to do so no later than 12 months after the date on which the return is made.

(5) Sub-paragraph (1) is not to apply for 2017-18 to an account manager for an account which has been transferred to another account before the end of the claim period.]