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ETASSUM56140 | Enterprise Management Incentives (EMI): Option notifications: Appeals

From HM Revenue & Customs · Employee Tax Advantaged Share Scheme User Manual

Paragraph 50, Schedule 5 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA)

An employer company may appeal against a decision by HMRC that:

  • notification of the option was not given in accordance with the requirements, or

  • the requirements of the Schedule are not met in relation to the option.

An employee holding an option can appeal against a HMRC decision that he does not meet the working time commitment requirement.

The notice of appeal to HMRC must be given within 30 days of receiving the closure notice.