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06 September 2011
Form CG34 should not be used
HMRC advise that while there is no formal post-transaction valuation checks service for employment income valuations, they wish to be as helpful as possible.
If all the following information is sent to so Shares and Assets Valuation, they will consider the valuation request:
- A covering letter making it clear that an employment income post-transaction valuation check is being requested. Form CG34 should not be used.
- An explanation of the value offered including a copy of any valuation report obtained/prepared.
- For share valuations, full accounts for the three years up to the valuation date and the names and National Insurance numbers of all employees who have received shares or an interest in shares.
- For valuations of chattels, exact details of the interest acquired by each employee
The letter, information and documentation should then be sent to Local Compliance – Personal Tax Compliance, 2nd Floor (West Wing), Fitz Roy House, Castle Meadow Road, Nottingham NG2 1BD.
Quote reference 532/NOTT/PTC/PTVC in correspondence.
