SCHEDULES
SCHEDULE 4F1... CSOP schemes
F2PART 7Notification of schemes, annual returns and enquiries
Sch. 4 Pt. 7 substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 179, 204 (with Sch. 8 paras. 205-215)
Enquiries
28F
1
This paragraph applies if notice is given in relation to a CSOP scheme under paragraph 28A.
2
HMRC may enquire into the scheme if HMRC give notice to the scheme organiser of HMRC's intention to do so no later than—
a
6 July in the tax year following that in which the initial notification deadline falls, or
b
if the notice under paragraph 28A is given after the initial notification deadline, 6 July in the second tax year following the relevant tax year.
3
HMRC may enquire into the scheme if HMRC give notice to the scheme organiser of HMRC's intention to do so no later than 12 months after the date on which a declaration within paragraph 28B(7) is given to HMRC.
4
Sub-paragraph (5) applies if (at any time) HMRC have reasonable grounds for believing that requirements of Parts 2 to 6 of this Schedule—
a
are not met in relation to the scheme, or
b
have not been met in relation to the scheme.
5
HMRC may enquire into the scheme if HMRC give notice to the scheme organiser of HMRC's intention to do so.
6
Notice may be given, and an enquiry may be conducted, under sub-paragraph (2), (3) or (5) even though the termination condition is met in relation to the scheme.
Word in Sch. 4 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 164, 204 (with Sch. 8 paras. 205-215)