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HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

HM Revenue & Customs
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Schedule 4 Company Share Option Plan (CSOP): Notification & Enquiries: Closure of enquiry

An enquiry is completed when a closure notice is given to the company informing it that the enquiry has been completed and stating whether or not (paragraph 28G(1)):

  • paragraph 28H is to apply (the error is a “serious” error – see ETASSUM46150);
  • paragraph 28I is to apply (the error is a “less serious” error – see ETASSUM46150);
  • neither paragraph 28H nor 28I apply.

Where paragraph 28H applies (the error is a “serious error”) the closure notice may specify a date upon which tax advantaged status is withdrawn. Where no date is specified, tax advantaged status is withdrawn from the date of the closure notice (paragraph 28H(2)).