INTRODUCTION

18  Part 7 of ITEPA 2003 (employment income: income and exemptions relating to securities) is amended as follows.

SHARE INCENTIVE PLANS

19  [Inserts ITEPA 2003, s. 498(3)–(13).]

20  [Inserts ITEPA 2003, Sch. 2, para. 37(7) and (8).]

20(2)  A SIP approved before the day on which this Act is passed has effect with any modifications needed to reflect the amendment made by this paragraph.

SAYE OPTION SCHEMES

21  [Inserts ITEPA 2003, s. 519(3A)–(3J).]

22  Part 6 of Schedule 3 (requirements etc relating to share options) is amended as follows.

Related Commentary  

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.