SCHEDULES

SCHEDULE 5Enterprise management incentives

Part 7Notification of option to inland revenue

Completion of enquiry: application for closure notice to be given

48

1

An application may be made F5to the tribunal under this paragraph for a direction requiring F1an officer of Revenue and Customs to give a closure notice within a specified period.

2

The application may be made—

a

by the employer company, or

b

in a case within paragraph 46(3), by the individual concerned.

F63

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F74

Any such application is to be subject to the relevant provisions of Part 5 of TMA 1970 (see, in particular, section 48(2)(b) of that Act).

5

F3The tribunal must give a direction unless F4... satisfied that F1an officer of Revenue and CustomsF2has reasonable grounds for not giving a closure notice within a specified period.