Paragraph 119

United Kingdom

(1)

The company may appeal against a decision of the Inland Revenue—

(a)

to withdraw approval of an employee share ownership plan, or

(b)

to give a direction under paragraph 113 (withdrawal of corporation tax deductions on withdrawal of approval), or

(c)

to refuse approval under paragraph 118(2)(b) (approval of alteration of plan or plan trust).

(2)

The appeal lies to the Special Commissioners.

(3)

Notice of appeal must be given to the Inland Revenue within 30 days after notice of their decision is given to the company.

Notes on Schedule 8

F1: Sch. 8 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)