SCHEDULES

SCHEDULE 2Approved share incentive plans

Part 10Approval of plans

Appeal against withdrawal of approval

85

(1)

This paragraph applies if a SIP has been approved by F1an officer of Revenue and Customs and F2the officer F3decides —

(a)

to withdraw approval of the plan, or

(b)

to refuse approval under paragraph 84(1)(b) (approval of alteration of plan or plan trust), or

(c)

to give a direction under paragraph 11 of Schedule 4AA to ICTA (withdrawal of corporation tax deductions on withdrawal of approval).

(2)

The company may appeal against the decision to the Special Commissioners.

(3)

The notice of appeal must be given to F1an officer of Revenue and Customs within 30 days after the date on which notice of F4the officer's decision is given to the company.