If the information provided by Employee Share Schemes Unit or
the accounts inspector and the SA return do not agree you will need
to decide what further compliance action is needed.
Small differences in the market value of the shares may be
because the employee has deducted the real or notional cost of
selling the shares in arriving at the market value. See SSM3.14.
If the shares are unlisted you will need to check the value
offered with Shares Valuation Division before finally accepting the
return. Any discrepancy on valuation of unlisted shares can be
taken up with SVD in the first instance. SSM7.6.
If the transaction returned on the SA pages does not appear
to reconcile with the information held, then the Employee Share
Schemes Unit may be able to provide further advice. This may
resolve the problem, or may confirm that there are grounds for an
enquiry. A copy of the share scheme pages and, if the information
did not originate in the Employee Share Schemes Unit, a copy of the
third party information should be attached to the request for
advice. The submission should also state any time limits which must
be complied with in order to open an enquiry or other
constraints.
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