# Finance Act 2014, Paragraph 166


(1) Paragraph 1 (introduction) is amended as follows.
(2) For sub-paragraphs (1) and (2) substitute—
“(A1) For the purposes of the CSOP code a CSOP scheme is a Schedule 4 CSOP scheme if the requirements of Parts 2 to 6 of this Schedule are met in relation to the scheme.”
(3) For sub-paragraph (4) substitute—
“(4) Sub-paragraph (A1) is subject to Part 7 of this Schedule which—
(a) requires notice of a scheme to be given to Her Majesty's Revenue and Customs (“HMRC”) in order for the scheme to be a Schedule 4 CSOP scheme (see paragraph 28A(1)),
(b) provides for a scheme in relation to which such notice is given to be a Schedule 4 CSOP scheme (see paragraph 28A(4)), and
(c) gives power to HMRC to enquire into a scheme and to decide that the scheme should not be a Schedule 4 CSOP scheme (see paragraphs 28F to 28I).”

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Source: https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/166 (the official version)
Page: https://openlegislation.uk/finance-act-2014/schedule-8/paragraph-166
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.