ERSM220090 - Valuation Issues

Advice of valuation to local compliance office

When an Inspector has obtained agreed values for the securities, the information should be passed to the employees’ or directors’ local compliance office to ensure the appropriate compliance action is taken.

Under SA it may sometimes be necessary to open enquiries under TMA70/S9A in order to obtain the information needed to establish the securities’ values. In such cases it is essential that the accounts Inspector and the compliance office work together to ensure that the necessary enquiry procedures are followed.
 

Arrangements for tax-advantaged schemes

Where tax arises in a tax-advantaged scheme, valuations will be advised to tax offices either by notices issued by ESSU or via direct access to the Share schemes database. These valuations will not have been agreed by ESSU, they will be those entered on forms 34, 35 & 39.