Taxes Consolidation Act 1997 Schedule 12A paragraph 5

Right of appeal

Paragraph 5 of Schedule 12A provides a grantor company with a right of appeal to the Appeal Commissioners where Revenue refuses to approve, or withdraws approval of, a profit sharing scheme.

• A grantor company aggrieved by a Revenue decision relating to scheme approval may appeal to the Appeal Commissioners.
• Appealable decisions include refusal to approve a scheme, refusal to approve an alteration to a scheme, and withdrawal of approval from an existing scheme.
• The appeal must be made within 30 days after the date of the notice of the Revenue decision.
• The appeal is made in accordance with section 949I and is heard and determined under the Part 40A procedures.