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 F1to the tribunal under this paragraph for a direction requiring F2an 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.

F3(3)

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

F4(4)

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)

F5The tribunal must give a direction unless F6... satisfied that F2an officer of Revenue and Customs F7has reasonable grounds for not giving a closure notice within a specified period.