SolvedETASSUM58030 | Enterprise Management Incentives (EMI): Supplementary and Definitions: Appeals against determination of market value
From HM Revenue & Customs · Employee Tax Advantaged Share Scheme User Manual
Paragraphs 56 & 57, Schedule 5 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA)
The employer company can appeal against the value determined by HMRC. The appeal is made to the tribunal (Paragraph 56, Schedule 5 ITEPA).
The appeal must be made by the company within 30 days of the notice of determination being given to the company (Paragraph 57, Schedule 5 ITEPA).