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 to the Special Commissioners against refusal of approval. The Special Commissioners are an independent appeal tribunal. Appeals must be made in writing to CT&VAT (see VCM60010 for address details) within 30 days of the date of the refusal notice.