[Part 10 Notification of Plans, Annual Returns and Enquiries]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[Part 10 Notification of Plans, Annual Returns and Enquiries]

[Notice of SIP to be given to HMRC

81A

(1)     For a SIP to be a Schedule 2 SIP, notice of the SIP must be given to Her Majesty's Revenue and Customs (“HMRC”).

(2)     The notice must—

(a)     be given by the company,

(b)     contain, or be accompanied by, such information as HMRC may require, and

(c)     contain a declaration within sub-paragraph (3) made by such persons as HMRC may require.

(3)     A declaration within this sub-paragraph is a declaration—

(a)     that the requirements of Parts 2 to 9 of this Schedule are met in relation to the SIP, and

(b)     if the declaration is made after the first date on which awards of shares are made under the SIP (“the first award date”), that those requirements—

(i)     were met in relation to those awards of shares, and

(ii)     have otherwise been met in relation to the SIP at all times on or after the first award date when shares appropriated to, or acquired on behalf of, individuals under the SIP have been held under the SIP.

(4)     If notice is given under this

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