SCHEDULES
SCHEDULE 2F2... share incentive plans
F1PART 10Notification of plans, annual returns and enquiries
Sch. 2 Pt. 10 substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 28, 89 (with Sch. 8 paras. 90-96)
Enquiries
81F
1
This paragraph applies if notice is given in relation to a SIP under paragraph 81A.
2
HMRC may enquire into the SIP if HMRC give notice to the company of HMRC's intention to do so no later than—
a
6 July in the tax year following the tax year in which the initial notification deadline falls, or
b
if the notice under paragraph 81A is given after the initial notification deadline, 6 July in the second tax year following the relevant tax year.
3
HMRC may enquire into the SIP if HMRC give notice to the company of HMRC's intention to do so no later than 12 months after the date on which a declaration within paragraph 81B(7) is given to HMRC.
4
Sub-paragraph (5) applies if (at any time) HMRC have reasonable grounds for believing that requirements of Parts 2 to 9 of this Schedule—
a
are not met in relation to the SIP, or
b
have not been met in relation to the SIP.
5
HMRC may enquire into the SIP if HMRC give notice to the company of HMRC's intention to do so.
6
Notice may be given, and an enquiry may be conducted, under sub-paragraph (2), (3) or (5) even though the termination condition has been met in relation to the SIP.
Word in Sch. 2 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 14, 89 (with Sch. 8 paras. 90-96)