Related Commentary  Related HMRC Manuals

700(1)  This section applies where by reason of the operation of section 476 (acquisition of securities pursuant to securities option etc.) in relation to an employment-related securities option an amount counts as employment income of an employee.

700(2)  In a case where the amount counts as employment income by virtue of section 477(3)(a) (acquisition of securities), sections 684 to 691 and 696 have effect as if–

(a)the employee were provided with PAYE income in the form of the securities by the employer on the relevant date, and

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