SCHEDULES
SCHEDULE 4Approved CSOP schemes
Part 7Approval of schemes
Appeal against refusal of approval
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1
If the Inland Revenue refuse to approve the scheme, the scheme organiser may appeal to the Special Commissioners.
2
The notice of appeal must be given to the Inland Revenue within 30 days after the date on which notice of their decision was given to the scheme organiser.
3
If the Special Commissioners allow the appeal, they may direct the Inland Revenue to approve the scheme with effect from a date specified by the Commissioners.
4
The date so specified must not be earlier than that of the application for approval.