44(1)For a share option to be a qualifying option, notice of the option must be given to [F1an officer of Revenue and Customs] within 92 days after the date of the grant of the option.U.K.
(2)The notice must—
(a)be given by the employer company, and
(b)be in a form required or authorised by [F1an officer of Revenue and Customs] .
(3)The notice must contain, or be supported by, such information as [F1an officer of Revenue and Customs] may require for the purpose of determining whether the requirements of this Schedule are met.
(4)The notice must also contain a declaration within each of sub-paragraphs (5) and (6).
(5)A declaration within this sub-paragraph is a declaration by a director, or the secretary, of the employer company—
(a)that in the opinion of that person the requirements of this Schedule are met in relation to the option, and
(b)that the information provided is, to the best of that person’s knowledge, correct and complete.
(6)A declaration within this sub-paragraph is a declaration by the individual to whom the option has been granted that the individual meets the requirement of paragraph 26 (commitment of working time) in relation to the option.
(7)Any reference in this Part of this Schedule to the requirements (or any of the requirements) of this Schedule being met in relation to a share option is a reference to the requirements or requirement being met in relation to it at the appropriate time.
Textual Amendments
F1Words in Act substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 102(1); S.I. 2005/1126, art. 2(2)(h)