SCHEDULES
SCHEDULE 5Enterprise management incentives
Part 7Notification of option to Inland Revenue
Correction of notice by Inland Revenue
45
(1)
The Inland Revenue may amend a notice given under paragraph 44 so as to correct obvious errors or omissions in the notice.
(2)
A correction under this paragraph must be made by a notice given to the employer company.
(3)
No correction may be made under this paragraph more than 9 months after the day on which the notice under paragraph 44 was given to the Inland Revenue.
(4)
A correction under this paragraph is of no effect if the employer company, within 3 months after the date of issue of the notice of correction, gives notice to the Inland Revenue rejecting the correction.