I understood that I have to pay 20% tax immediately (subject to a refund, plus the BIC on the rate) and the key thing is I have to repay it in full, otherwise it'll be taxed as salary.
In relation to SCSB the Revenue guidance says it doesn't need an approval from the Revenue, my understanding is that SCSB a scheme suitable for the high earners (i.e. low earners are better off with a standard calculation), please let me know if I'm mistaken.
Anyway back to my original point - be it SCSB or just a standard calculation - can portion of it be taken in advance provided the company will be closed within the same financial year?