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128B Payment of tax under section 128.

(1) This section applies where, by virtue of section 128, a person (in this section referred to as a “taxable person”) is chargeable to tax under Schedule E for a year of assessment on an amount equal to the gain realised by the exercise, on or after 30 June 2003, of a right to acquire shares (in this section referred to as “relevant shares”) in a company.

A is the amount of that gain computed in accordance with section 128(4), and

(9A) A person aggrieved by an assessment made on that person under this section may appeal the assessment to the Appeal Commissioners, in accordance with section 949I, within the period of 30 days after the date of the notification of the assessment.

(13) Notwithstanding any other provision of this section, any gain realised by the exercise, in any year of assessment, of a right to acquire relevant shares and in respect of which relevant tax is payable by a taxable person shall be included in the return required to be delivered by that person under section 951.

(a) shall not, for the purposes of section 952(2) section 959AN(2), form part of the income tax which in the opinion of the taxable person is likely to become payable by that person for that year of assessment, and

(c) shall not, for the purposes of section 958(4) section 959AO(3), be regarded as income tax payable by the taxable person for that year of assessment.

(c) Subsections (3) and (4) of section 1080 Subsections (3) to (5) of section 1080 shall apply in relation to interest payable under paragraph (b) as they apply in relation to interest payable under that section.

(d) In its application to any relevant tax charged by any assessment made in accordance with this section, section 1080 shall apply as if subsection (1)(b) subsection (2)(b) of that section were deleted.