Share Scheme Manual - SSM7.11

Valuation not agreed

(Previously SE2883)

Sometimes it may not be possible to reach agreement on share values, because either:

• the company or the employee will not accept that Schedule E liability arises in principle

• the parties to the transaction have not provided information, or

• the gap between the two opinions of the value is too wide to be bridged and the negotiations have reached deadlock.

In the case of deadlock, Shares Valuation will also report the value considered by them to be defensible on appeal.

Where agreement cannot be reached, it may be necessary for formal action in the 9A enquiry to be be taken to resolve the matter.