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HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

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HM Revenue & Customs
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Enterprise Management Incentives (EMI): Option notifications: Annual returns - Appeals

A company may appeal against HMRC’s decision that the company is liable to a penalty in relation to their annual return or the information accompanying the return.

A company may also appeal against the amount of a penalty.

An appeal must be made within 30 days of the notice of assessment of the penalty. Appeals should be made in writing to the Employee Shares & Securities Team -

Post: Room G47, 100 Parliament Street, London, SW1A 2BQ,

E-mail: Shareschemes mail to: .

Where an appeal in relation to a decision that a penalty is due is notified to a Tribunal, the Tribunal may affirm or cancel the decision (paragraph 57E(4)). Where an appeal in relation to the amount of a penalty is notified to a Tribunal, the Tribunal may affirm the amount of the penalty or substitute another amount (paragraph 57E(5)).