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Section 350: Disclosure of information by the Inland Revenue.

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part XXIII: Public Record, Disclosure of Information and Co-operation

No obligation as to secrecy imposed by statute or otherwise prevents the disclosure of Revenue information to—

the FCA or the PRA, if the disclosure is made for the purpose of assisting or enabling that regulator to discharge its functions under this or any other Act, or
the Secretary of State, if the disclosure is made for the purpose of assisting in the investigation of a matter under section 168 or with a view to the appointment of an investigator under that section.

A disclosure may only be made under subsection (1) by or under the authority of the Commissioners of Inland Revenue.

Section 348 does not apply to Revenue information.

Information obtained as a result of subsection (1)(b) may not be used except—

for the purpose of deciding whether to appoint an investigator under section 168;
in the conduct of an investigation under section 168;
in criminal proceedings brought against a person under this Act or the Criminal Justice Act 1993 as a result of an investigation under section 168;
for the purpose of taking action under this Act against a person as a result of an investigation under section 168;
in proceedings before the Tribunal as a result of action taken as mentioned in paragraph (d).

Information obtained as a result of subsection (1) may not be disclosed except—

by or under the authority of the Commissioners of Inland Revenue;
in proceedings mentioned in subsection (4)(c) or (e) or with a view to their institution.

Subsection (5) does not prevent the disclosure of information obtained as a result of subsection (1) to a person to whom it could have been disclosed under subsection (1).

"Revenue information" means information held by a person which it would be an offence under section 182 of the Finance Act 1989 for him to disclose.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.