VCM60360 - VCT scheme: general: applications for approval: refusal

SI1995/1979 Regulations 5&7

If CT&VAT are not satisfied that the conditions for full or provisional approval have been or will be met, they will give a notice, in writing, refusing approval and specifying:

• the date on which refusal is given; and
• the reasons for refusal.

Companies may appeal against refusal of approval. Appeals must be made in writing to CT&VAT (see VCM60010 for address details) within 30 days of the date of the refusal notice.