Application for approval
This section has no associated Explanatory Notes
28(1)Where—
(a)a CSOP scheme has been established, and
(b)the scheme organiser makes an application to the Inland Revenue for approval of the scheme,
the Inland Revenue must approve the scheme if they are satisfied that it meets the requirements of Parts 2 to 6 of this Schedule.
(2)An application for approval—
(a)must be in writing, and
(b)must contain such particulars and be supported by such evidence as the Inland Revenue may require.
(3)Once the Inland Revenue have decided whether or not to approve the scheme, they must give notice of their decision to the scheme organiser.