SCHEDULES

SCHEDULE 4Approved CSOP schemes

Part 7Approval of schemes

Approval ineffective after unapproved alteration

31

1

If—

a

an alteration is made in a CSOP scheme that has been approved, and

b

the alteration has not been approved by the Inland Revenue,

the approval of the scheme is ineffective after the date of the alteration.

2

Where the Inland Revenue—

a

have been requested to approve any alteration in such a scheme, and

b

have decided whether or not to approve the alteration,

they must give notice of their decision to the scheme organiser.