Income Tax (Earnings and Pensions) Act 2003

Income Tax (Earnings and Pensions) Act 2003 is up to date with all changes known to be in force on or before 24 September 2024. There are changes that may be brought into force at a future date.

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.

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  1. Introductory Text
  2. Part 1 Overview
    1. 1.Overview of contents of this Act
    2. 2.Abbreviations and general index in Schedule 1
    1. Chapter 1 Introduction
      1. 3.Structure of employment income Parts
      2. 4.“Employment” for the purposes of the employment income Parts
      3. 5.Application to offices and office-holders
      1. 6.Nature of charge to tax on employment income
      2. 7.Meaning of “employment income”, “general earnings” and “specific employment income”
      3. 8.Meaning of “exempt income”
      1. 9.Amount of employment income charged to tax
      2. 10.Meaning of “taxable earnings” and “taxable specific income”
      3. 11.Calculation of “net taxable earnings”
      4. 12.Calculation of “net taxable specific income”
      5. 13.Person liable for tax
      1. Taxable earnings
        1. 14.Taxable earnings under this Chapter: introduction
        1. 15.Earnings for year when employee UK resident
        1. 16.Meaning of earnings “for” a tax year
        2. 17.Treatment of earnings for year in which employment not held
        1. 18.Receipt of money earnings
        2. 19.Receipt of non-money earnings
        1. Taxable earnings
          1. 20.Taxable earnings under this Chapter: introduction
          1. 21.Earnings for year when employee resident and ordinarily resident, but not domiciled, in UK, except chargeable overseas earnings
          2. 22.Chargeable overseas earnings for year when remittance basis applies and employee outside section 26
          3. 23.Calculation of “chargeable overseas earnings”
          4. 24.Limit on chargeable overseas earnings where duties of associated employment performed in UK
          5. 24A.Restrictions on remittance basis
          6. 24B.Definitions of “C” and “I” for the purposes of section 24A(14)
          1. 25.UK-based earnings for year when employee resident, but not ordinarily resident, in UK
          2. 26.Foreign earnings for year when remittance basis applies and employee meets section 26A requirement
          3. 26A.Section 26: requirement for 3-year period of non-residence
          1. 27.UK-based earnings for year when employee not resident in UK
          1. 28.Meaning of “general earnings from overseas Crown employment subject to UK tax”
          1. 29.Meaning of earnings “for” a tax year
          2. 30.Treatment of earnings for year in which employment not held
          1. 31.Receipt of money earnings
          2. 32.Receipt of non-money earnings
          3. 33.Earnings remitted to UK
          4. 34.Earnings remitted to UK: further provisions about UK-linked debts
          1. 35.Relief for delayed remittances
          2. 36.Election in respect of delayed remittances
          3. 37.Claims for relief on delayed remittances
          1. 38.Earnings for period of absence from employment
          2. 39.Duties in UK merely incidental to duties outside UK
          3. 40.Duties on board vessel or aircraft
          4. 41.Employment in UK sector of continental shelf
          1. 41ZA.Basis of apportionment
          1. 41A.Taxable specific income from employment-related securities: effect of remittance basis
          2. 41B.Section 41A: the relevant period
          3. 41C.Section 41A: foreign securities income
          4. 41D.Limit on foreign securities income where duties of associated employment performed in UK
          5. 41E.Foreign securities income: just and reasonable apportionment
          1. 41F.Taxable specific income: internationally mobile employees etc
          2. 41G.Section 41F: the relevant period
          3. 41H.Section 41F: chargeable and unchargeable foreign securities income
          4. 41I.Limit on “chargeable foreign securities income” where duties of associated employment performed in UK
          5. 41J.Location of employment duties
          6. 41K.Securities income from overseas Crown employment
          7. 41L.Chargeable and unchargeable foreign securities income: just and reasonable apportionment
          1. 42.Commissioners to determine dispute as to domicile or ordinary residence
          2. 43.Appeal against Commissioners' decision on domicile or ordinary residence
          1. Agency workers
            1. 44.Treatment of workers supplied by agencies
            2. 45.Arrangements with agencies
            3. 46.Cases involving unincorporated bodies etc.
            1. 46A.Anti-avoidance
            1. 47.Interpretation of this Chapter
            1. Application of this Chapter
              1. 48.Scope of this Chapter
              2. 49.Engagements to which this Chapter applies
              3. 50.Worker treated as receiving earnings from employment
              4. 51.Conditions of liability where intermediary is a company
              5. 52.Conditions of liability where intermediary is a partnership
              6. 53.Conditions of liability where intermediary is an individual
              1. 54.Calculation of deemed employment payment
              2. 55.Application of rules relating to earnings from employment
              3. 56.Application of Income Tax Acts in relation to deemed employment
              1. 57.Earlier date of deemed employment payment in certain cases
              2. 58.Relief in case of distributions by intermediary
              3. 59.Provisions applicable to multiple intermediaries
              4. 60.Meaning of “associate”
              1. 60A.When a company qualifies as small for a tax year
              2. 60B.When a company qualifies as small for a tax year: joint ventures
              3. 60C.When a company qualifies as small for a tax year: subsidiaries
              4. 60D.When a relevant undertaking qualifies as small for a tax year
              5. 60E.When other undertakings qualify as small for a tax year
              6. 60F.When other persons qualify as small for a tax year
              7. 60G.Sections 60A to 60F: connected persons
              8. 60H.Duty on client to state whether it qualifies as small for a tax year
              1. 60I.When a person has a UK connection for a tax year
              1. 61.Interpretation
              1. Application of this Chapter
                1. 61A.Scope of this Chapter
                2. 61B.Meaning of “managed service company”
                3. 61C.Section 61B: supplementary
                1. 61D.Worker treated as receiving earnings from employment
                2. 61E.Calculation of deemed employment payment
                3. 61F.Sections 61D and 61E: application of rules relating to earnings from employment
                4. 61G.Application of Income Tax Acts in relation to deemed employment
                1. 61H.Relief in case of distributions by managed service company
                2. 61I.Meaning of “associate”
                3. 61J.Interpretation of Chapter
                1. 61K.Scope of this Chapter
                2. 61L.Meaning of “public authority”
                3. 61M.Engagements to which Chapter applies
                4. 61N.Worker treated as receiving earnings from employment
                5. 61NA.Meaning of status determination statement
                6. 61O.Conditions where intermediary is a company
                7. 61P.Conditions where intermediary is a partnership
                8. 61Q.Calculation of deemed direct payment
                9. 61R.Application of Income Tax Acts in relation to deemed employment
                10. 61S.Deductions from chain payments
                11. 61T.Client-led status disagreement process
                12. 61TA.Duty for client to withdraw status determination statement if it ceases to be medium or large
                13. 61U.Information to be provided by worker or intermediary and consequences of failure
                14. 61V.Consequences of providing fraudulent information
                15. 61W.Prevention of double charge to tax and allowance of certain deductions
                16. 61WA.Anti-avoidance
                17. 61X.Interpretation
                1. Chapter 1 Earnings
                  1. 62.Earnings
                  1. The benefits code
                    1. 63.The benefits code
                    2. 64.Relationship between earnings and benefits code
                    3. 65.Dispensations relating to benefits within provisions not applicable to lower-paid employment
                    1. 66.Meaning of “employment” and related expressions
                    2. 67.Meaning of “director” and “full-time working director”
                    3. 68.Meaning of “material interest” in a company
                    4. 69.Extended meaning of “control”
                    5. 69A.Optional remuneration arrangements
                    6. 69B.Optional remuneration arrangements: supplementary
                    1. 70.Sums in respect of expenses
                    2. 71.Meaning of paid or put at disposal by reason of the employment
                    3. 72.Sums in respect of expenses treated as earnings
                    1. Cash vouchers: introduction
                      1. 73.Cash vouchers to which this Chapter applies
                      2. 74.Provision for, or receipt by, member of employee’s family
                      1. 75.Meaning of “cash voucher”
                      2. 76.Sickness benefits-related voucher
                      3. 77.Apportionment of cost of provision of voucher
                      1. 78.Voucher made available to public generally
                      2. 79.Voucher issued under approved scheme
                      3. 80.Vouchers where payment of sums exempt from tax
                      1. 81.Benefit of cash voucher treated as earnings
                      1. 82.Non-cash vouchers to which this Chapter applies
                      2. 83.Provision for, or receipt by, member of employee’s family
                      1. 84.Meaning of “non-cash voucher”
                      1. 85.Non-cash voucher made available to public generally
                      2. 86.Transport vouchers under pre-26th March 1982 arrangements
                      1. 87.Benefit of non-cash voucher treated as earnings
                      2. 87A.Benefit of non-cash voucher treated as earnings: optional remuneration arrangements
                      3. 88.Year in which earnings treated as received
                      4. 89.Reduction for meal vouchers
                      1. 90.Credit-tokens to which this Chapter applies
                      2. 91.Provision for, or use by, member of employee’s family
                      1. 92.Meaning of “credit-token”
                      1. 93.Credit-token made available to public generally
                      1. 94.Benefit of credit-token treated as earnings
                      2. 94A.Benefit of credit-token treated as earnings: optional remuneration arrangements
                      1. 95.Disregard for money, goods or services obtained
                      2. 96.Dispensations relating to vouchers or credit-tokens
                      3. 96A.Power to exempt use of non-cash vouchers or credit-tokens to obtain exempt benefits
                      1. Living accommodation
                        1. 97.Living accommodation to which this Chapter applies
                        1. 98.Accommodation provided by local authority
                        2. 99.Accommodation provided for performance of duties
                        3. 100.Accommodation provided as result of security threat
                        4. 100A.Homes outside UK owned through company etc
                        5. 100B.Section 100A(1): exceptions
                        6. 101.Chevening House
                        1. 102.Benefit of living accommodation treated as earnings
                        1. 103.Method of calculating cash equivalent
                        2. 103A.Accommodation provided pursuant to optional remuneration arrangements: relevant amount
                        3. 104.General rule for calculating cost of providing accommodation
                        1. 105.Cash equivalent: cost of accommodation not over £75,000
                        2. 105A.Lease premiums
                        3. 105B.Lease premiums in the case of leases with break clauses
                        1. 106.Cash equivalent: cost of accommodation over £75,000
                        2. 107.Special rule for calculating cost of providing accommodation
                        1. 108.Cash equivalent: accommodation provided for more than one employee
                        1. 109.Priority of this Chapter over Chapter 1 of this Part
                        1. 110.Meaning of “annual value”
                        2. 111.Disputes as to annual value
                        3. 112.Meaning of “person involved in providing the accommodation”
                        4. 113.Meaning of “the property”
                        1. General
                          1. 114.Cars, vans and related benefits
                          2. 115.Meaning of “car” and “van”
                          3. 116.Meaning of when car or van is available to employee
                          4. 117.Meaning of car or van made available by reason of employment
                          5. 118.Availability for private use
                          6. 119.Where alternative to benefit of low emission car or van offered
                          1. 120.Benefit of car treated as earnings
                          2. 120A.Benefit of car treated as earnings: optional remuneration arrangements
                          3. 121.Method of calculating the cash equivalent of the benefit of a car
                          4. 121A.Optional remuneration arrangements: method of calculating relevant amount
                          5. 121B.Meaning of “modified cash equivalent”
                          1. 122.The price of the car
                          2. 123.The list price of a car
                          3. 124.The notional price of a car with no list price
                          4. 124A.Automatic car for a disabled employee
                          1. 125.Meaning of “accessory” and related terms
                          2. 125A.Security features not to be regarded as accessories
                          3. 126.Amounts taken into account in respect of accessories
                          4. 127.The list price of an accessory
                          5. 128.Accessory: published price of the car manufacturer etc.
                          6. 129.Accessory: published price of the accessory manufacturer etc.
                          7. 130.The notional price of an accessory
                          8. 131.Replacement accessories
                          1. 132.Capital contributions by employee
                          2. 132A.Capital contributions by employee: optional remuneration arrangements
                          1. 133.How to determine the “appropriate percentage”
                          2. 134.Meaning of car with or without a CO2 emissions figure
                          1. 135.Car with a CO2 emissions figure: pre-October 1999 registration
                          2. 136.Car with a CO2 emissions figure: registration from 1st October 1999 to IP completion day
                          3. 136A.Car with a CO2 emissions figure: registration on or after IP completion day
                          4. 137.Car with a CO2 emissions figure: bi-fuel cars : registration from 1st January 2000 to IP completion day
                          5. 137A.Car with a CO2 emissions figure: bi-fuel cars registered on or after IP completion day
                          6. 138.Car with a CO2 emissions figure: automatic car for a disabled employee
                          7. 139.Cars with a CO2 emissions figure: the appropriate percentage
                          8. 140.Car without a CO2 emissions figure: the appropriate percentage
                          9. 141.Diesel cars: the appropriate percentage
                          1. 142.Car first registered before 1st January 1998: the appropriate percentage
                          1. 143.Deduction for periods when car unavailable
                          2. 144.Deduction for payments for private use
                          3. 145.Modification of provisions where car temporarily replaced
                          1. 146.Cars that run on road fuel gas
                          2. 147.Classic cars: 15 years of age or more
                          3. 147A.Classic cars: optional remuneration arrangements
                          1. 148.Reduction of cash equivalent where car is shared
                          1. 149.Benefit of car fuel treated as earnings
                          2. 149A.Benefit of car fuel treated as earnings: optional remuneration arrangements
                          3. 150.Car fuel: calculating the cash equivalent
                          4. 151.Car fuel: nil cash equivalent
                          5. 152.Car fuel: proportionate reduction of cash equivalent
                          6. 153.Car fuel: reduction of cash equivalent
                          1. 154.Benefit of van treated as earnings
                          2. 154A.Benefit of van treated as earnings: optional remuneration arrangements
                          3. 155.Cash equivalent of the benefit of a van
                          1. 156.Meaning of “shared van”
                          1. 157.Reduction of cash equivalent where van is shared
                          1. 158.Reduction for payments for private use
                          2. 158A.Van provided pursuant to optional remuneration arrangements: private use
                          1. 159.Modification of provisions where van temporarily replaced
                          1. 160.Benefit of van fuel treated as earnings
                          2. 160A.Benefit of van fuel treated as earnings: optional remuneration arrangements
                          3. 161.Van fuel: the cash equivalent
                          4. 162.Van fuel: nil cash equivalent
                          5. 163.Van fuel: proportionate reduction of cash equivalent
                          6. 164.Van fuel: reduction of cash equivalent
                          1. 167.Pooled cars
                          2. 168.Pooled vans
                          3. 169.Car available to more than one member of family or household employed by same employer
                          4. 169A.Van available to more than one member of family or household employed by same employer
                          1. 170.Orders etc. relating to this Chapter
                          1. 171.Minor definitions: general
                          2. 172.Minor definitions: equipment to enable a disabled person to use a car
                          1. Introduction
                            1. 173.Loans to which this Chapter applies
                            2. 173A.Alternative finance arrangements
                            3. 174.Employment-related loans
                            1. 175.Benefit of taxable cheap loan treated as earnings
                            2. 175A.Optional remuneration arrangements: “relevant amount” and “modified cash equivalent”
                            3. 176.Exception for loans on ordinary commercial terms
                            4. 177.Exceptions for loans at fixed rate of interest
                            5. 178.Exception for loans where interest qualifies for tax relief
                            6. 179.Exception for certain advances for necessary expenses
                            7. 180.Threshold for benefit of loan to be treated as earnings
                            1. 181.The official rate of interest
                            2. 182.Normal method of calculation: averaging
                            3. 183.Alternative method of calculation
                            1. 184.Interest treated as paid
                            2. 185.Apportionment of cash equivalent in case of joint loan etc.
                            3. 186.Replacement loans
                            4. 187.Aggregation of loans by close company to director
                            1. 188.Loan released or written off: amount treated as earnings
                            2. 189.Exception where double charge
                            1. 190.Exclusion of charge after death of employee
                            2. 191.Claim for relief to take account of event after assessment
                            1. Introduction
                              1. 192.Application of this Chapter
                              1. 193.Notional loan where acquisition for less than market value
                              2. 194.The amount of the notional loan
                              3. 195.Discharge of notional loan: amount treated as earnings
                              1. 196.Effects on other income tax charges
                              2. 197.Minor definitions
                              1. 198.Shares to which this Chapter applies
                              2. 199.Disposal for more than market value: amount treated as earnings
                              3. 200.Minor definitions
                              1. Introduction
                                1. 201.Employment-related benefits
                                2. 202.Excluded benefits
                                1. 203.Cash equivalent of benefit treated as earnings
                                2. 203A.Employment-related benefit provided under optional remuneration arrangements
                                1. 204.Cost of the benefit: basic rule
                                2. 205.Cost of the benefit: asset made available without transfer
                                3. 205A.Deduction for periods when asset unavailable for private use
                                4. 205B.Reduction of cost of taxable benefit where asset is shared
                                5. 206.Cost of the benefit: transfer of used or depreciated asset
                                1. 207.Meaning of “annual rental value”
                                2. 208.Meaning of “market value”
                                3. 209.Meaning of “persons providing benefit”
                                4. 210.Power to exempt minor benefits
                                1. 211.Special rules for scholarships: introduction
                                2. 212.Scholarships provided under arrangements entered into by employer or connected person
                                3. 213.Exception for certain scholarships under trusts or schemes
                                4. 214.Scholarships: cost of the benefit
                                5. 215.Limitation of exemption for scholarship income in section 776(1) of ITTOIA 2005
                                1. Introduction
                                  1. 216.Provisions not applicable to lower-paid employments
                                  1. 217.Meaning of “lower-paid employment”
                                  2. 218.Calculation of earnings rate for a tax year
                                  3. 219.Extra amounts to be added in connection with a car
                                  1. 220.Related employments
                                  1. Payments
                                    1. 221.Payments where employee absent because of sickness or disability
                                    2. 222.Payments by employer on account of tax where deduction not possible
                                    3. 223.Payments on account of director’s tax other than by the director
                                    4. 224.Payments to non-approved personal pension arrangements
                                    5. 225.Payments for restrictive undertakings
                                    6. 226.Valuable consideration given for restrictive undertakings
                                    1. 226A.Amount treated as earnings
                                    2. 226B.Deemed payment for employee shareholder shares
                                    3. 226C.Only one payment deemed to be made under associated agreements
                                    4. 226D.Shareholder or connected person having material interest in company
                                    1. 226E.Sporting testimonial payments
                                    1. Chapter 1 Exemptions: general
                                      1. 227.Scope of Part 4
                                      2. 228.Effect of exemptions on liability under provisions outside Part 2
                                      3. 228A.General exclusion from exemptions: optional remuneration arrangements
                                      1. Mileage allowances
                                        1. 229.Mileage allowance payments
                                        2. 230.The approved amount for mileage allowance payments
                                        3. 231.Mileage allowance relief
                                        4. 232.Giving effect to mileage allowance relief
                                        1. 233.Passenger payments
                                        2. 234.The approved amount for passenger payments
                                        1. 235.Vehicles to which this Chapter applies
                                        2. 235A.Journeys made by members of local authorities etc
                                        3. 236.Interpretation of this Chapter
                                        1. 237.Parking provision and expenses
                                        2. 237A.Vehicle-battery charging
                                        3. 238.Modest private use of heavy goods vehicles
                                        4. 239.Payments and benefits connected with taxable cars and vans and exempt heavy goods vehicles
                                        5. 240.Incidental overnight expenses and benefits
                                        6. 241.Incidental overnight expenses and benefits: overall exemption limit
                                        7. 241A.Travel by unpaid directors of not-for-profit companies
                                        8. 241B.Travel where directorship held as part of trade or profession
                                        9. 242.Works transport services
                                        10. 243.Support for public bus services
                                        11. 244.Cycles and cyclist’s safety equipment
                                        12. 245.Travelling and subsistence during public transport strikes
                                        13. 246.Transport between work and home for disabled employees: general
                                        14. 247.Provision of cars for disabled employees
                                        15. 248.Transport home: late night working and failure of car-sharing arrangements
                                        16. 248A.Emergency vehicles
                                        17. 249.Interpretation of this Chapter
                                        1. Work-related training
                                          1. 250.Exemption of work-related training provision
                                          2. 251.Meaning of “work-related training”
                                          3. 252.Exception for non-deductible travel expenses
                                          4. 253.Exception where provision for excluded purposes
                                          5. 254.Exception where unrelated assets are provided
                                          1. 254A.Apprenticeship bursaries paid to persons leaving local authority care
                                          1. 255.Exemption for contributions to individual learning account training
                                          2. 256.Meaning of “individual learning account training”
                                          3. 257.Exception for non-deductible travel expenses
                                          4. 258.Exception where provision for excluded purposes
                                          5. 259.Exception where unrelated assets are provided
                                          6. 260.Exception where training not generally available to staff
                                          1. Recreational facilities
                                            1. 261.Exemption of recreational benefits
                                            2. 262.Benefits not exempted by section 261
                                            3. 263.Power to alter benefits to which section 261 applies
                                            1. 264.Annual parties and functions
                                            1. 265.Third party entertainment
                                            1. General exemptions: use for exempt benefits
                                              1. 266.Exemption of non-cash vouchers for exempt benefits
                                              2. 267.Exemption of credit-tokens used for exempt benefits
                                              1. 268.Exemption of vouchers and tokens for incidental overnight expenses
                                              2. 269.Exemption where benefits or money obtained in connection with taxable car or van or exempt heavy goods vehicle
                                              3. 270.Exemption for small gifts of vouchers and tokens from third parties
                                              4. 270A.Limited exemption for qualifying childcare vouchers
                                              5. 270AA.Meaning of “eligible employee”
                                              6. 270B.Meaning of “relevant earnings amount” and “required time”
                                              1. Exemption of removal benefits and expenses: general
                                                1. 271.Limited exemption of removal benefits and expenses: general
                                                2. 272.Removal benefits and expenses to which section 271 applies
                                                3. 273.Conditions applicable to change of residence
                                                4. 274.Meaning of “the limitation day”
                                                5. 275.Meaning of “the employment change”
                                                6. 276.Meaning of “residence”, “former residence” and “new residence” etc.
                                                1. 277.Acquisition benefits and expenses
                                                2. 278.Abortive acquisition benefits and expenses
                                                3. 279.Disposal benefits and expenses
                                                4. 280.Transporting belongings
                                                5. 281.Travelling and subsistence
                                                6. 282.Exclusion from section 281 of benefits and expenses where deduction allowed
                                                7. 283.Exclusion from section 281 of taxable car and van facilities
                                                8. 284.Bridging loan expenses
                                                9. 285.Replacement of domestic goods
                                                10. 286.Power to amend sections 277 to 285
                                                1. 287.Limit on exemption
                                                1. 288.Limited exemption of certain bridging loans connected with employment moves
                                                2. 289.Relief for certain bridging loans not qualifying for exemption under section 288
                                                1. 289A.Exemption for paid or reimbursed expenses
                                                2. 289B.Approval to pay or reimburse expenses at a flat rate
                                                3. 289C.Revocation of approvals
                                                4. 289D.Exemption for other benefits
                                                5. 289E.Anti-avoidance
                                                1. Ministers of religion
                                                  1. 290.Accommodation benefits of ministers of religion
                                                  2. 290A.Accommodation outgoings of lower-paid ministers of religion
                                                  3. 290B.Allowances paid to lower-paid ministers of religion in respect of accommodation outgoings
                                                  4. 290C.Provisions of benefits code not applicable to lower-paid ministers of religion
                                                  5. 290D.Meaning of “lower-paid employment as a minister of religion”
                                                  6. 290E.Calculation of earnings rate for a tax year
                                                  7. 290F.Extra amounts to be added in connection with a car
                                                  8. 290G.Related employments
                                                  1. 291.Termination payments to MPs and others ceasing to hold office
                                                  2. 292.Accommodation expenses of MPs
                                                  3. 293.Overnight expenses of other elected representatives
                                                  4. 293A.UK travel and subsistence expenses of MPs
                                                  5. 293B.UK travel expenses of other elected representatives
                                                  6. 294.European travel expenses of MPs and other representatives
                                                  7. 295.Transport and subsistence for Government ministers etc.
                                                  1. 295A.Travel expenses of members of local authorities etc
                                                  1. 296.Armed forces' leave travel facilities
                                                  2. 297.Armed forces' food, drink and mess allowances
                                                  3. 297A.Armed forces: the Operational Allowance
                                                  4. 297B.Armed forces: the Council Tax Relief
                                                  5. 297C.Armed forces: Continuity of Education Allowance
                                                  6. 297D.Armed forces: accommodation allowances
                                                  7. 298.Reserve and auxiliary forces' training allowances
                                                  1. 299.Crown employees' foreign service allowances
                                                  1. 299A.Voluntary office-holders: compensation for lost employment income
                                                  2. 299B.Voluntary office-holders: payments in respect of expenses
                                                  3. Government
                                                    1. A government department The Welsh Ministers and the Counsel General.
                                                    1. A county, district or parish council in England The council.
                                                    1. An organisation the name of which is entered in the.
                                                    1. A Local Medical Committee (see section 97(4) of the National.
                                                    1. A body (other than a company) that is established by.
                                                    2. 6.In this section— “company” means a company as defined by.
                                                    3. 7.Section 16A of ITTOIA 2005 (voluntary office-holders: compensation for lost.
                                                    1. 300.Consuls
                                                    2. 301.Official agents
                                                    3. 302.Consular employees
                                                    1. 303.Visiting forces etc
                                                    1. 304.Experts seconded to European Commission
                                                    2. 304A.Experts seconded to other European Union bodies
                                                    1. 305.Offshore oil and gas workers: mainland transfers
                                                    1. 306.Miners etc: coal and allowances in lieu of coal
                                                    1. 306A.Carers: board and lodging
                                                    1. 306B.Limited exemption for sporting testimonial payments
                                                    1. 307.Death or retirement benefit provision
                                                    2. 308.Exemption of contributions to registered pension scheme
                                                    3. 308A.Exemption of contributions to overseas pension scheme
                                                    4. 308B.Independent advice in respect of conversions and transfers of pension scheme benefits
                                                    5. 308C.Provision of pensions advice: limited exemption
                                                    1. Redundancy payments
                                                      1. 309.Limited exemptions for statutory redundancy payments
                                                      1. 310.Counselling and other outplacement services
                                                      2. 311.Retraining courses
                                                      3. 312.Recovery of tax
                                                      1. 312A.Limited exemption for qualifying bonus payments
                                                      2. 312B.“Qualifying bonus payments”
                                                      3. 312C.Section 312B: the participation and equality requirements
                                                      4. 312D.Section 312B: the trading requirement
                                                      5. 312E.Section 312B: the indirect employee-ownership requirement
                                                      6. 312F.Section 312B: the office-holder requirement
                                                      7. 312G.“Service company”
                                                      8. 312H.Excluded payments
                                                      9. 312I.Interpretation of Chapter 10A
                                                      1. Living accommodation
                                                        1. 313.Repairs and alterations to living accommodation
                                                        2. 314.Council tax etc. paid for certain living accommodation
                                                        3. 315.Limited exemption for expenses connected with certain living accommodation
                                                        1. 316.Accommodation, supplies and services used in employment duties
                                                        2. 316A.Homeworker’s additional household expenses
                                                        1. 317.Subsidised meals
                                                        1. 318.Childcare: exemption for employer-provided care
                                                        2. 318A.Childcare: limited exemption for other care
                                                        3. 318AZA.Meaning of “eligible employee”
                                                        4. 318AA.Meaning of “relevant earnings amount” and “required time”
                                                        5. 318B.Childcare: meaning of “care”, “child” and “parental responsibility”
                                                        6. 318C.Childcare: meaning of “qualifying child care”
                                                        7. 318D.Childcare: power to vary amounts which are the exempt amount and qualifying conditions
                                                        1. 319.Mobile telephones
                                                        2. 320.Limited exemption for computer equipment
                                                        1. 320A.Eye tests and special corrective appliances
                                                        1. 320B.Health-screening and medical check-ups
                                                        1. 320C.Recommended medical treatment
                                                        1. 321.Suggestion awards
                                                        2. 322.Suggestion awards: “the permitted maximum”
                                                        3. 323.Long service awards
                                                        4. 323A.Trivial benefits provided by employers
                                                        5. 323B.Section 323A: calculation of available exempt amount
                                                        6. 323C.Power to amend sections 323A and 323B
                                                        7. 324.Small gifts from third parties
                                                        1. 325.Overseas medical treatment
                                                        2. 325A.Health and employment insurance payments
                                                        1. 326.Expenses incidental to transfer of a kind not normally met by transferor
                                                        1. 326A.Fees relating to monitoring schemes relating to vulnerable persons
                                                        1. 326B.Advice relating to proposed employee shareholder agreements
                                                        1. Chapter 1 Deductions allowed from earnings: general rules
                                                          1. Introduction
                                                            1. 327.Deductions from earnings: general
                                                            1. 328.The income from which deductions may be made
                                                            2. 329.Deductions from earnings not to exceed earnings
                                                            3. 330.Prevention of double deductions
                                                            4. 331.Order for making deductions
                                                            5. 332.Meaning of “the deductibility provisions”
                                                            1. Introduction
                                                              1. 333.Scope of this Chapter: expenses paid by the employee
                                                              2. 334.Effect of reimbursement etc.
                                                              3. 335.Application of deductions provisions: “earnings charged on receipt” and “earnings charged on remittance”
                                                              1. 336.Deductions for expenses: the general rule
                                                              1. 337.Travel in performance of duties
                                                              2. 338.Travel for necessary attendance
                                                              3. 339.Meaning of “workplace” and “permanent workplace”
                                                              4. 339A.Travel for necessary attendance: employment intermediaries
                                                              5. 340.Travel between group employments
                                                              6. 340A.Travel between linked employments
                                                              7. 341.Travel at start or finish of overseas employment
                                                              8. 342.Travel between employments where duties performed abroad
                                                              1. 343.Deduction for professional membership fees
                                                              2. 344.Deduction for annual subscriptions
                                                              3. 345.Decisions of an officer of Revenue and Customs under section 344
                                                              1. 346.Deduction for employee liabilities and expenses
                                                              2. 347.Payments made after leaving the employment
                                                              3. 348.Liabilities related to the employment
                                                              4. 349.Meaning of “qualifying insurance contract”
                                                              5. 350.Connected contracts
                                                              1. 351.Expenses of ministers of religion
                                                              1. 352.Limited deduction for agency fees paid by entertainers
                                                              1. 353.Deductions from earnings charged on remittance
                                                              2. 354.Disallowance of expenses relating to earnings taxed on different basis or untaxed
                                                              3. 355.Deductions for corresponding payments by non-domiciled employees with foreign employers
                                                              1. 356.Disallowance of business entertainment and gifts expenses
                                                              2. 357.Business entertainment and gifts: exception where employer’s expenses disallowed
                                                              3. 358.Business entertainment and gifts: other exceptions
                                                              1. 359.Disallowance of travel expenses: mileage allowances and reliefs
                                                              2. 360.Disallowance of certain accommodation expenses of MPs and other representatives
                                                              3. 360A.Social security contributions
                                                              1. Introduction
                                                                1. 361.Scope of this Chapter: cost of benefits deductible as if paid by employee
                                                                1. 362.Deductions where non-cash voucher provided
                                                                2. 363.Deductions where credit-token provided
                                                                3. 364.Deductions where living accommodation provided
                                                                4. 365.Deductions where certain employment-related benefits provided
                                                                1. Introduction
                                                                  1. 366.Scope of this Chapter: amounts fixed by Treasury
                                                                  1. 367.Fixed sum deductions for repairing and maintaining work equipment
                                                                  2. 368.Fixed sum deductions from earnings payable out of public revenue
                                                                  1. Introduction
                                                                    1. 369.Scope of this Chapter: earnings representing benefits or reimbursed expenses
                                                                    1. 370.Travel costs and expenses where duties performed abroad: employee’s travel
                                                                    2. 371.Travel costs and expenses where duties performed abroad: visiting spouse’s , civil partner's or child’s travel
                                                                    3. 372.Where seafarers' duties are performed
                                                                    1. 373.Non-domiciled employee’s travel costs and expenses where duties performed in UK
                                                                    2. 374.Non-domiciled employee’s spouse’s , civil partner's or child’s travel costs and expenses where duties performed in UK
                                                                    3. 375.Meaning of “qualifying arrival date”
                                                                    1. 376.Foreign accommodation and subsistence costs and expenses (overseas employments)
                                                                    1. 377.Costs and expenses in respect of personal security assets and services
                                                                    1. 378.Deduction from seafarers' earnings: eligibility
                                                                    2. 379.Calculating the deduction
                                                                    3. 380.Limit on deduction where UK duties etc. make amount unreasonable
                                                                    4. 381.Taking account of other deductions
                                                                    5. 382.Duties on board ship
                                                                    6. 383.Place of performance of incidental duties
                                                                    7. 384.Meaning of employment “as a seafarer”
                                                                    8. 385.Meaning of “ship”
                                                                    1. Chapter 1 Payments to non-approved pension schemes
                                                                      1. 386.Charge on payments to non-approved retirement benefits schemes
                                                                      2. 387.Meaning of “non-approved retirement benefits scheme”
                                                                      3. 388.Apportionment of payments in respect of more than one employee
                                                                      4. 389.Exception: employments where earnings charged on remittance
                                                                      5. 390.Exception: non-domiciled employees with foreign employers
                                                                      6. 391.Exception: seafarers with overseas earnings
                                                                      7. 392.Relief where no benefits are paid or payable
                                                                      1. Benefits treated as employment income
                                                                        1. 393.Application of this Chapter
                                                                        2. 393A.Employer-financed retirement benefits scheme
                                                                        3. 393B.Relevant benefits
                                                                        4. 394.Charge on benefit to which this Chapter applies
                                                                        5. 394A.Temporary non-residents
                                                                        6. 395.Reduction where employee has contributed
                                                                        7. 395A.Benefits under old section 222 schemes not taxed by virtue of section 394
                                                                        8. 395B.Exemption or reduction for foreign service
                                                                        9. 395C.Meaning of “foreign service” in section 395B
                                                                        10. 396.Certain lump sums not taxed by virtue of section 394
                                                                        11. 397.Certain lump sums: calculation of amount taxed by virtue of section 394
                                                                        1. 398.Valuation of benefits
                                                                        2. 399.Employment-related loans: interest treated as paid
                                                                        1. 399A.Responsible person
                                                                        2. 400.Interpretation
                                                                        1. Preliminary
                                                                          1. 401.Application of this Chapter
                                                                          2. 402.Meaning of “benefit”
                                                                          1. 402A.Split of payments and other benefits between sections 402B and 403
                                                                          2. 402B.Termination awards not benefiting from threshold to be treated as earnings
                                                                          3. 402C.The termination awards to which section 402B applies
                                                                          4. 402D.“Post-employment notice pay”
                                                                          5. 402E.Meaning of “trigger date” and “post-employment notice period” in section 402D
                                                                          6. 403.Charge on payment or other benefit where threshold applies
                                                                          7. 404.How the £30,000 threshold applies
                                                                          8. 404A.Amounts charged to be treated as highest part of total income
                                                                          9. 404B.Power to vary threshold
                                                                          1. 405.Exception for certain payments exempted when received as earnings
                                                                          2. 406.Exception for death or disability payments and benefits
                                                                          3. 407.Exception for payments and benefits under tax-exempt pension schemes
                                                                          4. 408.Exception for contributions to registered pension schemes
                                                                          5. 409.Exception for payments and benefits in respect of certain legal expenses etc and indemnity insurance
                                                                          6. 410.Exception for payments and benefits in respect of certain legal expenses etc and indemnity insurance: individual deceased
                                                                          7. 411.Exception for payments and benefits for forces
                                                                          8. 412.Exception for payments and benefits provided by foreign governments etc.
                                                                          9. 413.Exception in certain cases of foreign service
                                                                          10. 413A.Exception for payment of certain legal costs
                                                                          11. 414.Reduction in other cases of foreign service
                                                                          12. 414A.Exception for payments and benefits under section 615(3) schemes
                                                                          13. 414B.Exception in certain cases of foreign service as seafarer
                                                                          14. 414C.Reduction in other cases of foreign service as seafarer
                                                                          1. 415.Valuation of benefits
                                                                          2. 416.Notional interest treated as paid if amount charged for beneficial loan
                                                                          1. Chapter 1 Introduction
                                                                            1. General
                                                                              1. 417.Scope of Part 7
                                                                              2. 418.Other related provisions
                                                                              3. 419.Negative amounts treated as nil
                                                                              1. 420.Meaning of “securities” etc
                                                                              2. 421.Meaning of “market value” etc
                                                                              3. 421A.Meaning of “ consideration ”
                                                                              1. 421B.Application of Chapters 2 to 4A
                                                                              2. 421C.Associated persons
                                                                              3. 421D.Replacement and additional securities and changes in interests
                                                                              4. 421E.Exclusions: residence etc
                                                                              5. 421F.Exclusions: public offers
                                                                              6. 421G.Exclusions: approved plan or scheme securities
                                                                              7. 421H.Meaning of “employee-controlled” etc
                                                                              8. 421I.Consideration for acquisition of employment-related securities
                                                                              1. 421J.Duty to provide information
                                                                              2. 421JA.Annual returns
                                                                              3. 421JB.Returns to be given electronically
                                                                              4. 421JC.Penalties for late returns
                                                                              5. 421JD.Penalty if information not given correctly
                                                                              6. 421JE.Assessment of penalties
                                                                              7. 421JF.Appeals
                                                                              8. 421K.Reportable events
                                                                              9. 421L.Persons to whom section 421J applies
                                                                              1. Introduction
                                                                                1. 422.Application of this Chapter
                                                                                2. 423.“ Restricted securities ” and “ restricted interest in securities ”
                                                                                3. 424.Exceptions
                                                                                1. 425.No charge in respect of acquisition in certain cases
                                                                                1. 426.Charge on occurrence of chargeable event
                                                                                2. 427.Chargeable events
                                                                                3. 428.Amount of charge
                                                                                4. 428A.Relief for secondary Class 1 contributions met by employee
                                                                                5. 429.Case outside charge under section 426
                                                                                6. 430.Election for outstanding restrictions to be ignored
                                                                                7. 430A.Application of this Chapter where securities exchanged for further securities
                                                                                8. 431.Election for full or partial disapplication of this Chapter
                                                                                9. 431A.Shares under tax advantaged plan or scheme
                                                                                10. 431B.Securities acquired for purpose of avoidance
                                                                                11. 432.Definitions
                                                                                1. Introduction
                                                                                  1. 435.Application of this Chapter
                                                                                  2. 436.“ Convertible securities ”
                                                                                  1. 437.Adjustment of charge
                                                                                  1. 438.Charge on occurrence of chargeable event
                                                                                  2. 439.Chargeable events
                                                                                  3. 440.Amount of charge
                                                                                  4. 441.Amount of gain realised on occurrence of chargeable event
                                                                                  5. 442.Amount of consideration given for entitlement to convert
                                                                                  6. 442A.Relief for secondary Class 1 contributions met by employee
                                                                                  7. 443.Case outside charge under section 438
                                                                                  1. 444.Definitions
                                                                                  1. Introduction
                                                                                    1. 446A.Application of this Chapter
                                                                                    1. 446B.Charge on acquisition
                                                                                    2. 446C.Amount of charge
                                                                                    3. 446D.Restricted securities and convertible securities
                                                                                    1. 446E.Charge on restricted securities
                                                                                    2. 446F.Adjustment of market value: conditional interests
                                                                                    3. 446G.Adjustment of market value: consideration for entitlement to convert
                                                                                    4. 446H.Adjustment of market value: charge on conversion
                                                                                    5. 446I.Adjustment of consideration or benefit received
                                                                                    6. 446IA.Disapplication of exceptions from charges
                                                                                    1. 446J.Definitions
                                                                                    1. Introduction
                                                                                      1. 446K.Application of this Chapter
                                                                                      1. 446L.Charge on non-commercial increases
                                                                                      2. 446M.Securities subject to restriction on valuation date
                                                                                      3. 446N.Securities subject to restriction during relevant period
                                                                                      4. 446NA.Disapplication of exceptions from charges
                                                                                      1. 446O.“Relevant period” and “valuation date”
                                                                                      2. 446P.Definitions
                                                                                      1. 446Q.Application of this Chapter
                                                                                      2. 446R.Case outside this Chapter
                                                                                      3. 446S.Notional loan
                                                                                      4. 446T.Amount of notional loan
                                                                                      5. 446U.Discharge of notional loan
                                                                                      6. 446UA.Pre-acquisition avoidance cases
                                                                                      7. 446V.Chapter to be additional to other income tax charges
                                                                                      8. 446W.Definitions
                                                                                      1. 446X.Application of this Chapter
                                                                                      2. 446Y.Amount treated as income
                                                                                      3. 446Z.Definitions
                                                                                      1. 447.Charge on other chargeable benefits from securities
                                                                                      2. 448.Amount of charge
                                                                                      3. 449.Case outside this Chapter
                                                                                      4. 450.Definitions
                                                                                      5. Tax charge where restrictions or rights varied
                                                                                        1. 451.Amount of charge
                                                                                        2. 452.Cases outside charge under section 449
                                                                                        1. 453.Charge on increase in value of shares of dependent subsidiary
                                                                                        2. 454.Chargeable increases
                                                                                        3. 455.Amount of charge
                                                                                        4. 456.Cases outside charge under section 453
                                                                                        1. 457.Charge on other chargeable benefits from shares
                                                                                        2. 458.Chargeable benefits
                                                                                        3. 459.Amount of charge
                                                                                        4. 460.Cases outside charge under section 457
                                                                                        1. 461.Related acquisitions of additional shares
                                                                                        2. 462.Company reorganisations etc.
                                                                                        3. 463.Disposals of shares to connected persons etc. ignored
                                                                                        4. 464.Application to interests in shares
                                                                                        5. 465.Duty to notify acquisitions of shares or interests in shares
                                                                                        6. 466.Duty to notify chargeable events and chargeable benefits
                                                                                        1. 467.Meaning of “dependent subsidiary”
                                                                                        2. 468.Meaning of “employee-controlled”
                                                                                        3. 469.Shares “held by outside shareholders”
                                                                                        4. 470.Minor definitions
                                                                                        1. Introduction
                                                                                          1. 451.Application of this Chapter
                                                                                          1. 452.Market value on acquisition
                                                                                          1. 453.Taxable amount under Chapter 4
                                                                                          1. 454.Deemed election for disapplication of Chapter 2
                                                                                          2. 455.Disapplication of Chapter 3B
                                                                                          1. 456.Meaning of “intellectual property” and “transfer”
                                                                                          2. 457.Meaning of “research institution”
                                                                                          3. 458.Meaning of “involved in research”
                                                                                          4. 459.Transfer of intellectual property by controlled company
                                                                                          5. 460.Definitions
                                                                                          1. Introduction
                                                                                            1. 471.Options to which this Chapter applies
                                                                                            2. 472.Associated persons
                                                                                            3. 473.Introduction to taxation of securities options
                                                                                            4. 474.Cases where this Chapter does not apply
                                                                                            1. 475.No charge in respect of acquisition of option
                                                                                            1. 476.Charge on occurrence of chargeable event
                                                                                            2. 477.Chargeable events
                                                                                            3. 478.Amount of charge
                                                                                            4. 479.Amount of gain realised on occurrence of chargeable event
                                                                                            5. 480.Deductible amounts
                                                                                            6. 481.Relief for secondary Class 1 contributions met by employee
                                                                                            7. 482.Relief for special contribution met by employee
                                                                                            1. 483.Application of this Chapter where option exchanged for another
                                                                                            2. 484.Definitions
                                                                                            1. 485.Application of this Chapter where share option exchanged for another
                                                                                            2. 486.Duty to notify matters relating to share options
                                                                                            3. 487.Minor definitions
                                                                                            1. Introduction
                                                                                              1. 488.. Share incentive plans (SIPs)
                                                                                              1. 489.Operation of tax advantages in connection with Schedule 2 SIP
                                                                                              1. 490.No charge on award or acquisition of shares: general
                                                                                              2. 491.No charge on award of shares as taxable benefit
                                                                                              3. 492.No charge on partnership share money deducted from salary
                                                                                              4. 493.No charge on acquisition of dividend shares
                                                                                              1. 494.No charge on removal of restrictions applying to shares
                                                                                              2. 495.No charge on increase in value of shares of dependent subsidiary
                                                                                              3. 496.No charge on cash dividend retained for reinvestment
                                                                                              1. 497.Limitations on charges on shares ceasing to be subject to plan
                                                                                              2. 498.No charge on shares ceasing to be subject to plan in certain circumstances
                                                                                              1. 499.No charge in respect of incidental expenditure
                                                                                              1. 500.Operation of tax charges in connection with Schedule 2 SIP
                                                                                              1. 501.Charge on capital receipts in respect of plan shares
                                                                                              2. 502.Meaning of “capital receipt” in section 501
                                                                                              3. 503.Charge on partnership share money paid over to employee
                                                                                              4. 504.Charge on cancellation payments in respect of partnership share agreement
                                                                                              1. 505.Charge on free or matching shares ceasing to be subject to plan
                                                                                              2. 506.Charge on partnership shares ceasing to be subject to plan
                                                                                              3. 507.Charge on disposal of beneficial interest during holding period
                                                                                              4. 508.Identification of shares ceasing to be subject to plan
                                                                                              1. 509.Modification of section 696 where charge on shares ceasing to be subject to plan
                                                                                              2. 510.Payments by trustees to employer company on shares ceasing to be subject to plan
                                                                                              3. 511.PAYE deductions to be made by trustees on shares ceasing to be subject to plan
                                                                                              4. 512.Disposal of beneficial interest by participant
                                                                                              5. 513.Capital receipts: payments by trustees to employer company
                                                                                              6. 514.Capital receipts: PAYE deductions to be made by trustees
                                                                                              1. 515.Tax advantages and charges under other Acts
                                                                                              1. Introduction
                                                                                                1. 516.. SAYE option schemes
                                                                                                2. 517.Share options to which this Chapter applies
                                                                                                1. 518.No charge in respect of receipt of option
                                                                                                2. 519.No charge in respect of exercise of option
                                                                                                3. 520.No charge in respect of post-acquisition benefits
                                                                                                1. Introduction
                                                                                                  1. 521.. CSOP schemes
                                                                                                  2. 522.Share options to which this Chapter applies
                                                                                                  1. 523.No charge in respect of receipt of option
                                                                                                  2. 524.No charge in respect of receipt of option
                                                                                                  3. 525.No charge in respect of post-acquisition benefits
                                                                                                  1. 526.Charge where option granted at a discount
                                                                                                  1. Introduction
                                                                                                    1. 527.Enterprise management incentives: qualifying options
                                                                                                    1. 528.No charge on receipt of qualifying option
                                                                                                    1. 529.Scope of tax advantages: option must be exercised within 10 years
                                                                                                    2. 530.No charge on exercise of option to acquire shares at market value
                                                                                                    3. 531.Limitation of charge on exercise of option to acquire shares below market value
                                                                                                    1. 532.Modified tax consequences following disqualifying events
                                                                                                    2. 533.Disqualifying events
                                                                                                    3. 534.Disqualifying events relating to relevant company
                                                                                                    4. 535.Disqualifying events relating to employee
                                                                                                    5. 536.Other disqualifying events
                                                                                                    6. 537.Alterations of share capital for purposes of section 536
                                                                                                    7. 538.Share conversions excluded for purposes of section 536
                                                                                                    8. 539.CSOP and other options relevant for purposes of section 536
                                                                                                    1. 540.No charge on acquisition of shares as taxable benefit
                                                                                                    1. 541.Effects on other income tax charges
                                                                                                    1. Exemption where offer made to both public and employees
                                                                                                      1. 542.Exemption: offer made to public and employees
                                                                                                      2. 543.Discount not covered by exemption in section 542
                                                                                                      1. 544.Exemption: different offers made to public and employees
                                                                                                      2. 545.Discount not covered by exemption in section 544
                                                                                                      1. 546.Meaning of being entitled “on similar terms”
                                                                                                      2. 547.Meaning and amount or value of “registrant discount”
                                                                                                      3. 548.Minor definitions
                                                                                                      1. Introduction
                                                                                                        1. 549.Application of this Chapter
                                                                                                        1. 550.Meaning of “employee benefit trust”
                                                                                                        2. 551.“Qualifying disposals” for purposes of section 550
                                                                                                        1. 552.Attribution of interest in company to beneficiary or associate
                                                                                                        2. 553.Meaning of “appropriate percentage” for purposes of section 552
                                                                                                        3. 554.Attribution of further interest in company
                                                                                                        1. CHAPTER 1 Application etc
                                                                                                          1. Application: main case
                                                                                                            1. 554A.Application of Chapter 2 : main case
                                                                                                            1. 554AA.Application of Chapter 2: close companies
                                                                                                            2. 554AB.Meaning of “relevant transaction”
                                                                                                            3. 554AC.Meaning of “excluded transaction”
                                                                                                            4. 554AD.Section 554AA: meaning of “director”
                                                                                                            5. 554AE.Section 554AA: meaning of “material interest”
                                                                                                            6. 554AF.Section 554AA: supplementary
                                                                                                            1. 554B.Relevant steps: earmarking etc of sum of money or asset
                                                                                                            2. 554C.Relevant steps: payment of sum, transfer of asset etc
                                                                                                            3. 554D.Relevant steps: making asset available
                                                                                                            1. 554E.Exclusions: steps under certain schemes etc
                                                                                                            2. 554F.Exclusions: commercial transactions
                                                                                                            3. 554G.Exclusions: transactions under employee benefit packages
                                                                                                            4. 554H.Exclusions: earmarking of deferred remuneration
                                                                                                            5. 554I.Exclusions: introduction to sections 554J to 554M
                                                                                                            6. 554J.Exclusions: earmarking for employee share schemes (1)
                                                                                                            7. 554K.Exclusions: earmarking for employee share schemes (2)
                                                                                                            8. 554L.Exclusions: earmarking for employee share schemes (3)
                                                                                                            9. 554M.Exclusions: earmarking for employee share schemes (4)
                                                                                                            10. 554N.Exclusions: other cases involving employment-related securities etc
                                                                                                            11. 554O.Exclusions: employee car ownership schemes
                                                                                                            12. 554OA.Exclusions: transfer of employment-related loans
                                                                                                            13. 554P.Exclusions: employment income exemptions under Part 4
                                                                                                            14. 554Q.Exclusions: income arising from earmarked sum or asset
                                                                                                            15. 554R.Exclusions: acquisitions out of sums or assets
                                                                                                            16. 554RA.Exclusions: relevant repayments
                                                                                                            17. 554S.Exclusions: pension income chargeable under Part 9 etc
                                                                                                            18. 554T.Exclusions: employee pension contributions
                                                                                                            19. 554U.Exclusions: pre-6 April 2006 contributions to employer-financed retirement benefit schemes
                                                                                                            20. 554V.Exclusions: purchases of annuities out of pension scheme rights
                                                                                                            21. 554W.Exclusions: certain retirement benefits etc
                                                                                                            22. 554X.Exclusions: transfers between certain foreign pension schemes
                                                                                                            23. 554XA.Exclusions: payments in respect of a tax liability
                                                                                                            24. 554Y.Power to exclude other relevant steps
                                                                                                            1. 554Z.Interpretation: general
                                                                                                            2. 554Z1.Interpretation: persons linked with A
                                                                                                            1. Employment income
                                                                                                              1. 554Z2.Value of relevant step to count as employment income
                                                                                                              2. 554Z2A.Exception to section 554Z2(1): close companies
                                                                                                              3. 554Z3.Value of relevant step
                                                                                                              4. 554Z4.Residence issues
                                                                                                              5. 554Z4A.Temporary non-residents
                                                                                                              6. 554Z5.Overlap with money or asset subject to earlier tax liability
                                                                                                              7. 554Z6.Overlap with certain earnings
                                                                                                              8. 554Z7.Exercise price of share options
                                                                                                              9. 554Z8.Cases where consideration given for relevant step
                                                                                                              1. 554Z9.Remittance basis: A does not meet section 26A requirement
                                                                                                              2. 554Z10.Remittance basis: A meets section 26A requirement
                                                                                                              3. 554Z11.Remittance basis: supplementary
                                                                                                              4. 554Z11A.Temporary non-residents
                                                                                                              1. 554Z11B.Earlier income tax liability: application of section 554Z11C
                                                                                                              2. 554Z11C.Earlier income tax liability: treatment of payments
                                                                                                              3. 554Z11D.Earlier income tax liability: provisional payments of tax
                                                                                                              4. 554Z11E.Application for provisional payments to be treated as payment of tax
                                                                                                              5. 554Z11F.Provisional payments of tax: further provision
                                                                                                              6. 554Z11G.Earlier income tax liability: supplementary provision
                                                                                                              1. 554Z12.Relevant step taken after A's death etc
                                                                                                              2. 554Z13.Subsequent income tax liability
                                                                                                              3. 554Z14.Relief where earmarking not followed by further relevant step
                                                                                                              4. 554Z15.Location of employment duties
                                                                                                              1. 554Z16.Application etc
                                                                                                              2. 554Z17.Employer etc to be treated as relevant third person etc
                                                                                                              3. 554Z18.Earmarking etc
                                                                                                              4. 554Z19.Provision of security
                                                                                                              5. 554Z20.Valuation of step within section 554Z19
                                                                                                              6. 554Z21.Relief for earmarking or security not followed by contribution or relevant benefit
                                                                                                              1. Deductions in calculating net income
                                                                                                                1. 555.Former employee entitled to deduction in calculating net income
                                                                                                                2. 556.Deductible payments made outside the time limits allowed
                                                                                                                3. 556A.Deductible payments made pursuant to tax avoidance arrangements
                                                                                                                4. 557.Deductible payments wholly or partly borne by the former employer etc.
                                                                                                                1. 558.Meaning of “deductible payment”
                                                                                                                2. 559.Liabilities related to the former employment
                                                                                                                3. 560.Meaning of “qualifying insurance contract”
                                                                                                                4. 561.Connected contracts
                                                                                                                5. 562.Meaning of “former employee” and “employment”
                                                                                                                6. 563.Other interpretation
                                                                                                                7. 564.Application of this Part to office-holders
                                                                                                                1. Chapter 1 Introduction
                                                                                                                  1. 565.Structure of Part 9
                                                                                                                  1. 566.Nature of charge to tax on pension income and relevant definitions
                                                                                                                  2. 567.Amount charged to tax
                                                                                                                  3. 567A.Cases in which Part 7A has applied to source of pension income
                                                                                                                  4. 568.Person liable for tax
                                                                                                                  1. 569.United Kingdom pensions
                                                                                                                  2. 570.“Pension”: interpretation
                                                                                                                  3. 571.Taxable pension income
                                                                                                                  4. 572.Person liable for tax
                                                                                                                  5. 572A.Temporary non-residents
                                                                                                                  1. 573.Foreign pensions
                                                                                                                  2. 574.“Pension”: interpretation
                                                                                                                  3. 574A.“Pension”: relevant lump sums
                                                                                                                  4. 575.Taxable pension income
                                                                                                                  5. 576.Person liable for tax
                                                                                                                  6. 576A.Temporary non-residents
                                                                                                                  1. 577.United Kingdom social security pensions
                                                                                                                  2. 578.Taxable pension income
                                                                                                                  3. 579.Person liable for tax
                                                                                                                  1. 579A.Pensions
                                                                                                                  2. 579B.Taxable pension income
                                                                                                                  3. 579C.Person liable for tax
                                                                                                                  4. 579CZA.Exemption for beneficiaries' income withdrawal in some cases
                                                                                                                  5. 579CA.Temporary non-residents
                                                                                                                  6. 579D.Interpretation
                                                                                                                  1. Pensions and annuities
                                                                                                                    1. 580.Pensions and annuities
                                                                                                                    2. 581.Taxable pension income
                                                                                                                    3. 582.Person liable for tax
                                                                                                                    1. 583.Unauthorised payments
                                                                                                                    2. 584.Taxable pension income
                                                                                                                    3. 585.Person liable for tax
                                                                                                                    1. 586.Meaning of “retirement benefits scheme” etc.
                                                                                                                    2. 587.Application to marine pilots' benefit fund
                                                                                                                    3. 588.Meaning of “employee” , “former civil partner and “ex-spouse”
                                                                                                                    4. 589.Regulations
                                                                                                                    1. Annuities
                                                                                                                      1. 590.Annuities
                                                                                                                      2. 591.Taxable pension income
                                                                                                                      3. 592.Person liable for tax
                                                                                                                      1. 593.Unauthorised payments: application of section 583
                                                                                                                      1. 594.Meaning of “former approved superannuation fund”
                                                                                                                      1. Annuities
                                                                                                                        1. 595.Annuities
                                                                                                                        2. 596.Taxable pension income
                                                                                                                        3. 597.Person liable for tax
                                                                                                                        1. 598.Income withdrawals
                                                                                                                        2. 599.Taxable pension income
                                                                                                                        3. 600.Person liable for tax
                                                                                                                        1. 601.Unauthorised personal pension payments
                                                                                                                        2. 602.Taxable pension income
                                                                                                                        3. 603.Person liable for tax
                                                                                                                        1. 604.Meaning of “personal pension scheme” and related expressions
                                                                                                                        1. 605.Annuities
                                                                                                                        2. 606.Meaning of “retirement annuity contract”
                                                                                                                        3. 607.Taxable pension income
                                                                                                                        4. 608.Person liable for tax
                                                                                                                        1. 609.Annuities for the benefit of dependants
                                                                                                                        2. 610.Annuities under non-registered occupational pension schemes
                                                                                                                        3. 611.Annuities in recognition of another’s services
                                                                                                                        4. 611A.Exemptions from sections 609 to 611
                                                                                                                        5. 612.Taxable pension income: UK annuities
                                                                                                                        6. 613.Taxable pension income: foreign annuities
                                                                                                                        7. 614.Person liable for tax
                                                                                                                        1. 615.Certain overseas government pensions paid in the United Kingdom
                                                                                                                        2. 616.Taxable pension income
                                                                                                                        3. 617.Deduction allowed from taxable pension income
                                                                                                                        4. 618.Person liable for tax
                                                                                                                        1. 619.The House of Commons Members' Fund
                                                                                                                        2. 620.Meaning of “House of Commons Members' Fund”
                                                                                                                        3. 621.Taxable pension income
                                                                                                                        4. 622.Person liable for tax
                                                                                                                        1. 623.Return of surplus employee additional voluntary contributions
                                                                                                                        2. 624.Taxable pension income
                                                                                                                        3. 625.Person liable for tax
                                                                                                                        4. 626.Income tax treated as paid
                                                                                                                        5. 627.Meaning of “grossing up”
                                                                                                                        6. 628.Interpretation
                                                                                                                        1. 629.Pre-1973 pensions paid under the Overseas Pensions Act 1973
                                                                                                                        2. 630.Interpretation
                                                                                                                        3. 631.Taxable pension income
                                                                                                                        4. 632.Person liable for tax
                                                                                                                        1. 633.Voluntary annual payments
                                                                                                                        2. 634.Taxable pension income: UK voluntary annual payments
                                                                                                                        3. 635.Taxable pension income: foreign voluntary annual payments
                                                                                                                        4. 636.Person liable for tax
                                                                                                                        1. 636A.Exemptions and liabilities for certain lump sums under registered pension schemes
                                                                                                                        2. 636AA.Taxable lump sum death benefits
                                                                                                                        3. 636B.Trivial commutation and winding-up lump sums
                                                                                                                        4. 636C.Trivial commutation and winding-up lump sum death benefits
                                                                                                                        5. Introduction
                                                                                                                          1. 637.Introduction
                                                                                                                          1. 637A.Pension commencement lump sums
                                                                                                                          2. 637B.Pension commencement excess lump sums
                                                                                                                          3. 637C.Serious ill-health lump sums
                                                                                                                          4. 637D.Uncrystallised funds pension lump sums
                                                                                                                          5. 637E.Short service refund lump sum
                                                                                                                          6. 637F.Refund of excess contributions lump sums
                                                                                                                          7. 637G.Trivial commutation lump sums and winding-up lump sums
                                                                                                                          1. 637H.Defined benefits lump sum death benefits
                                                                                                                          2. 637I.Pension protection lump sum death benefits
                                                                                                                          3. 637J.Uncrystallised funds lump sum death benefits
                                                                                                                          4. 637K.Annuity protection lump sum death benefits
                                                                                                                          5. 637L.Drawdown pension fund lump sum death benefits
                                                                                                                          6. 637M.Flexi-access drawdown lump sum death benefits
                                                                                                                          7. 637N.Trivial commutation lump sum death benefits
                                                                                                                          1. 637P.Individual’s lump sum allowance
                                                                                                                          2. 637Q.Availability of individual’s lump sum allowance
                                                                                                                          3. 637R.Individual’s lump sum and death benefit allowance
                                                                                                                          4. 637S.Availability of individual’s lump sum and death benefit allowance
                                                                                                                          1. 638.Awards for bravery
                                                                                                                          2. 639.Pensions in respect of death due to military or war service
                                                                                                                          3. 640.Exemption under section 639 where income withheld
                                                                                                                          4. 640A.Lump sums provided under armed forces early departure scheme
                                                                                                                          5. 641.Wounds and disability pensions
                                                                                                                          6. 642.Compensation for National-Socialist persecution
                                                                                                                          7. 642A.Netherlands Benefit Act for Victims of Persecution 1940-1945
                                                                                                                          8. 643.Malawi, Trinidad and Tobago and Zambia government pensions
                                                                                                                          9. 644.Pensions payable where employment ceased due to disablement
                                                                                                                          10. 644A.Health and employment insurance payments
                                                                                                                          11. 645.Social security pensions: increases in respect of children
                                                                                                                          12. 646.Former miners etc: coal and allowances in lieu of coal
                                                                                                                          13. 646A.Foreign pensions of consular employees
                                                                                                                          14. 646B.Registered schemes: beneficiaries' annuities from unused funds
                                                                                                                          15. 646C.Registered schemes: beneficiaries' annuities from drawdown funds
                                                                                                                          16. 646D.Non-registered schemes: beneficiaries' annuities from unused funds
                                                                                                                          17. 646E.Non-registered schemes: beneficiaries' annuities from drawdown funds
                                                                                                                          18. 646F.Interpretation of sections 646B to 646E
                                                                                                                          1. 647.Introduction and meaning of “foreign residence condition” etc.
                                                                                                                          2. 648.The Central African Pension Fund
                                                                                                                          3. 649.Commonwealth government pensions
                                                                                                                          4. 650.Oversea Superannuation Scheme
                                                                                                                          5. 651.Overseas Pensions Act 1973
                                                                                                                          6. 652.Overseas Service Act 1958
                                                                                                                          7. 653.Overseas Service Pensions Fund
                                                                                                                          8. 654.The Pensions (India, Pakistan and Burma) Act 1955
                                                                                                                          1. Chapter 1 Introduction
                                                                                                                            1. 655.Structure of Part 10
                                                                                                                            1. 656.Nature of charge to tax on social security income
                                                                                                                            2. 657.Meaning of “social security income”, “taxable benefits” etc.
                                                                                                                            3. 658.Amount charged to tax
                                                                                                                            4. 659.Person liable for tax
                                                                                                                            1. 660.Taxable benefits: UK benefits – Table A
                                                                                                                            2. 661.Taxable social security income
                                                                                                                            3. 662.Person liable for tax
                                                                                                                            1. Incapacity benefit
                                                                                                                              1. 663.Long-term incapacity benefit: previous entitlement to invalidity benefit
                                                                                                                              2. 664.Short-term incapacity benefit not payable at the higher rate
                                                                                                                              1. 665.Exempt unless payable to a person involved in a trade dispute
                                                                                                                              2. 666.Child maintenance bonus
                                                                                                                              3. 667.Amounts in excess of taxable maximum
                                                                                                                              4. 668.Taxable maximum
                                                                                                                              5. 669.Interpretation
                                                                                                                              1. 670.Child maintenance bonus
                                                                                                                              2. 671.Amounts in excess of taxable maximum
                                                                                                                              3. 672.Taxable maximum: general
                                                                                                                              4. 673.Taxable maximum: income-based jobseeker’s allowance
                                                                                                                              5. 674.Taxable maximum: contribution-based jobseeker’s allowance
                                                                                                                              6. 675.Interpretation
                                                                                                                              1. 676.Increases in respect of children
                                                                                                                              1. 677.UK social security benefits wholly exempt from tax: Table B
                                                                                                                              1. 678.Taxable benefits: foreign benefits
                                                                                                                              2. 679.Taxable social security income
                                                                                                                              3. 680.Person liable for tax
                                                                                                                              1. 681.Taxable and other foreign benefits: exemptions
                                                                                                                              2. 681A.Foreign benefits of consular employees
                                                                                                                              1. 681B.High income child benefit charge
                                                                                                                              2. 681C.The amount of the charge
                                                                                                                              3. 681D.Extension of charge in cases where child not living with claimant
                                                                                                                              4. 681E.Special cases
                                                                                                                              5. 681F.Alteration of income limit etc by Treasury order
                                                                                                                              6. 681G.Meaning of “partner”
                                                                                                                              7. 681H.Other interpretation provisions
                                                                                                                              1. Chapter 1 Introduction
                                                                                                                                1. 682.Scope of this Part
                                                                                                                                2. 683.PAYE income
                                                                                                                                1. 684.PAYE regulations
                                                                                                                                2. 685.Tax tables
                                                                                                                                3. 686.Meaning of “payment”
                                                                                                                                1. 687.Payments by intermediary
                                                                                                                                2. 687A.Payment of employment income under Part 7A
                                                                                                                                3. 688.Agency workers
                                                                                                                                4. 688A.Managed service companies: recovery from other persons
                                                                                                                                5. 688AA.Workers' services provided through intermediaries: recovery of PAYE
                                                                                                                                6. 688AB.Workers’ providing services through intermediaries etc: cases where taxes already paid
                                                                                                                                7. 688B.Travel expenses of workers providing services through intermediaries: recovery of unpaid tax
                                                                                                                                8. 689.Employee of non-UK employer
                                                                                                                                9. 689A.Oil and gas workers on the continental shelf
                                                                                                                                10. 690.Employee non-resident etc.
                                                                                                                                11. 691.Mobile UK workforce
                                                                                                                                12. 692.Organised arrangements for sharing tips
                                                                                                                                1. Income provided by means of vouchers and tokens
                                                                                                                                  1. 693.Cash vouchers
                                                                                                                                  2. 694.Non-cash vouchers
                                                                                                                                  3. 695.Credit-tokens
                                                                                                                                  1. 695A.Employment income under Part 7A
                                                                                                                                  2. 696.Readily convertible assets
                                                                                                                                  3. 697.Enhancing the value of an asset
                                                                                                                                  4. 698.PAYE: special charges on employment-related securities
                                                                                                                                  5. 699.PAYE: conversion of shares
                                                                                                                                  6. 700.PAYE: gains from securities options
                                                                                                                                  7. 700A.Employment-related securities etc: remittance basis
                                                                                                                                  1. 701.Meaning of “asset”
                                                                                                                                  2. 702.Meaning of “readily convertible asset”
                                                                                                                                  1. 703.Introduction
                                                                                                                                  2. 704.Sums payable by employers under agreements
                                                                                                                                  3. 705.Approximations allowed in calculations
                                                                                                                                  4. 706.Exclusion of general earnings from income etc.
                                                                                                                                  5. 707.Interpretation of this Chapter
                                                                                                                                  1. 708.PAYE repayments
                                                                                                                                  2. 709.Additional provision for certain assessments
                                                                                                                                  3. 710.Notional payments: accounting for tax
                                                                                                                                  4. 711.Right to make a return
                                                                                                                                  5. 712.Interpretation of this Part
                                                                                                                                  1. 713.Donations to charity: payroll deduction scheme
                                                                                                                                  2. 714.Meaning of “donations”
                                                                                                                                  3. 715.Approval of schemes: regulation by Treasury
                                                                                                                                  1. Alteration of amounts
                                                                                                                                    1. 716.Alteration of amounts by Treasury order
                                                                                                                                    1. 716A.Priority rule for dividends etc. of UK resident companies etc.
                                                                                                                                    1. 716B.Employment intermediaries to keep, preserve and provide information etc
                                                                                                                                    1. 717.Orders and regulations made by Treasury or Commissioners
                                                                                                                                    1. 718.Connected persons
                                                                                                                                    2. 719.Meaning of “control”
                                                                                                                                    3. 720.Meaning of “ an officer of Revenue and Customs ” etc.
                                                                                                                                    4. 721.Other definitions
                                                                                                                                    1. 722.Consequential amendments
                                                                                                                                    2. 723.Commencement and transitional provisions and savings
                                                                                                                                    3. 724.Repeals and revocations
                                                                                                                                    4. 725.Citation
                                                                                                                                    1. SCHEDULE 1Abbreviations and defined expressions
                                                                                                                                      1. Part 1 Abbreviations of Acts and instruments
                                                                                                                                      2. Part 2 Index of expressions defined in this Act or ICTA
                                                                                                                                        1. Note: this index does not apply to expressions used in.
                                                                                                                                        1. Part 1 Introduction
                                                                                                                                          1. Introduction to Schedule 2 share incentive plans (SIPs)
                                                                                                                                            1. 1.(A1) For the purposes of the SIP code a share.
                                                                                                                                            1. 2.(1) In the SIP code a “share incentive plan” (or.
                                                                                                                                            1. 3.(1) A SIP that provides for partnership shares may also.
                                                                                                                                            1. 4.(1) A SIP established by a company that controls other.
                                                                                                                                            1. 5.(1) For the purposes of the SIP code an “award.
                                                                                                                                            1. General requirements for approval: introduction
                                                                                                                                              1. 6.(1) A SIP must meet the plan requirements contained in—.
                                                                                                                                              1. 7.(1) The purpose of the plan must be to provide.
                                                                                                                                              1. 8.(1) The plan must provide that every employee who—
                                                                                                                                              1. 9.(1) The requirement of this paragraph is that—
                                                                                                                                              1. 10.(1) The first requirement of this paragraph is that no.
                                                                                                                                              1. 11.No conditions apart from those required or authorised by this.
                                                                                                                                              1. 12.(1) The arrangements for the plan must not make any.
                                                                                                                                              1. Eligibility of individuals: introduction
                                                                                                                                                1. 13.A SIP must meet the plan requirements contained in— paragraph.
                                                                                                                                                1. 14.(1) The plan must provide that an individual may only.
                                                                                                                                                1. 15.(1) The plan must provide that an individual is not.
                                                                                                                                                1. 16.(1) This paragraph applies if the plan provides for a.
                                                                                                                                                1. 17.(1) For the purposes of paragraph 15(2) “qualifying company” has.
                                                                                                                                                1. 18.(1) The plan must provide that an individual is not.
                                                                                                                                                1. 18A.(1) The plan must provide that, if an individual participates.
                                                                                                                                                1. 19.. . . . . . . . . .
                                                                                                                                                1. 20.. . . . . . . . . .
                                                                                                                                                1. 21.. . . . . . . . . .
                                                                                                                                                1. 22.. . . . . . . . . .
                                                                                                                                                1. 23.. . . . . . . . . .
                                                                                                                                                1. 24.. . . . . . . . . .
                                                                                                                                                1. Types of share that may be awarded: introduction
                                                                                                                                                  1. 25.(1) The requirements of the following paragraphs must be met.
                                                                                                                                                  1. 26.Eligible shares must form part of the ordinary share capital.
                                                                                                                                                  1. 27.(1) Eligible shares must be— (a) shares of a class.
                                                                                                                                                  1. 28.(1) Eligible shares must be— (a) fully paid up, and.
                                                                                                                                                  1. 29.(1) Eligible shares must not be shares in—
                                                                                                                                                  1. 30.(1) Eligible shares must not be subject to any restrictions.
                                                                                                                                                  1. 31.Eligible shares may be shares carrying no voting rights or.
                                                                                                                                                  1. 32.(1) Free or matching shares may be subject to provision.
                                                                                                                                                  1. 33.(1) If the requirements of this paragraph are met, eligible.
                                                                                                                                                  1. Free shares: introduction
                                                                                                                                                    1. 34.(1) If a SIP provides for free shares, it must.
                                                                                                                                                    1. 35.(1) The plan must provide that the initial market value.
                                                                                                                                                    1. 36.(1) The plan must require the company in respect of.
                                                                                                                                                    1. 37.(1) A participant may direct the trustees to do any.
                                                                                                                                                    1. 38.A plan that provides for performance allowances in relation to.
                                                                                                                                                    1. 39.(1) A plan that provides for performance allowances must comply.
                                                                                                                                                    1. 40.(1) A plan that provides for performance allowances in relation.
                                                                                                                                                    1. 41.(1) The requirements of this paragraph are those contained in.
                                                                                                                                                    1. 42.(1) The requirements of this paragraph are those contained in.
                                                                                                                                                    1. Partnership shares: introduction
                                                                                                                                                      1. 43.(1) If a SIP provides for partnership shares, the following.
                                                                                                                                                      1. 44.(1) The plan must provide for qualifying employees to enter.
                                                                                                                                                      1. 45.(1) The plan must provide for a partnership share agreement.
                                                                                                                                                      1. 46.(1) The amount of partnership share money deducted from an.
                                                                                                                                                      1. 47.(1) The plan may provide that the amount to be.
                                                                                                                                                      1. 48.(1) The plan must provide that the company may not.
                                                                                                                                                      1. 49.(1) The plan must provide that partnership share money deducted.
                                                                                                                                                      1. 50.(1) If the plan does not provide for an accumulation.
                                                                                                                                                      1. 51.(1) The plan may provide for accumulation periods not exceeding.
                                                                                                                                                      1. 52.(1) This paragraph applies if the plan provides for one.
                                                                                                                                                      1. 53.(1) The plan may authorise the company to specify the.
                                                                                                                                                      1. 54.(1) The plan must provide that an employee may at.
                                                                                                                                                      1. 55.(1) The plan must provide that an employee may at.
                                                                                                                                                      1. 56.(1) The plan must provide that, where the plan is.
                                                                                                                                                      1. 57.(1) The plan must provide that when partnership shares have.
                                                                                                                                                      1. Matching shares: introduction
                                                                                                                                                        1. 58.If a SIP provides for matching shares it must meet.
                                                                                                                                                        1. 59.(1) The plan must provide for the matching shares to.
                                                                                                                                                        1. 60.(1) The partnership share agreement must specify—
                                                                                                                                                        1. 61.Paragraphs 36 and 37 (the holding period and related matters).
                                                                                                                                                        1. Reinvestment of cash dividends
                                                                                                                                                          1. 62.(1) A SIP may provide that, where the company so.
                                                                                                                                                          1. 63.(1) If a SIP makes the provision authorised by paragraph.
                                                                                                                                                          1. 64.(1) The plan must provide that the total dividend reinvestment.
                                                                                                                                                          1. 65.(1) The plan must provide that dividend shares are to.
                                                                                                                                                          1. 66.(1) The plan must provide that the trustees must treat.
                                                                                                                                                          1. 67.Paragraphs 36 and 37 (the holding period and related matters).
                                                                                                                                                          1. 68.(1) This paragraph applies where an amount is not reinvested.
                                                                                                                                                          1. 69.(1) The plan must require any distributable cash dividends in.
                                                                                                                                                          1. Requirements etc. relating to trustees: introduction
                                                                                                                                                            1. 70.(1) A SIP must meet the plan requirements contained in—.
                                                                                                                                                            1. 71.(1) The plan must provide for the establishment of a.
                                                                                                                                                            1. 71A.The trust instrument must require the trustees to maintain records.
                                                                                                                                                            1. 72.(1) The trust instrument must require the trustees—
                                                                                                                                                            1. 73.(1) This paragraph applies to a participant’s plan shares that.
                                                                                                                                                            1. 74.(1) The trust instrument must require the trustees to pay.
                                                                                                                                                            1. 75.(1) The trust instrument must make the following provision regarding.
                                                                                                                                                            1. 76.The trust instrument may provide that the trustees have power.
                                                                                                                                                            1. 77.(1) The trustees may dispose of some of the rights.
                                                                                                                                                            1. 78.(1) The trust instrument must provide that, where there is.
                                                                                                                                                            1. 79.(1) The plan must make provision to ensure that, where.
                                                                                                                                                            1. 80.(1) The trust instrument must require the trustees to maintain.
                                                                                                                                                            1. Notice of SIP to be given to HMRC
                                                                                                                                                              1. 81A.(1) For a SIP to be a Schedule 2 SIP.
                                                                                                                                                              1. 81B.(1) This paragraph applies if notice is given in relation.
                                                                                                                                                              2. 81C.(1) This paragraph applies if the company fails to give.
                                                                                                                                                              1. 81D.(1) A notice under paragraph 81A, and any information accompanying.
                                                                                                                                                              2. 81E.(1) This paragraph applies if a return under paragraph 81B.
                                                                                                                                                              1. 81F.(1) This paragraph applies if notice is given in relation.
                                                                                                                                                              2. 81G.(1) An enquiry under paragraph 81F(2), (3) or (5) is.
                                                                                                                                                              3. 81H.(1) This paragraph applies if HMRC decide—
                                                                                                                                                              4. 81I.(1) This paragraph applies if HMRC decide—
                                                                                                                                                              1. 81J.(1) This paragraph applies if the company is liable for.
                                                                                                                                                              1. 81K.(A1) The company may appeal against a decision of HMRC.
                                                                                                                                                              1. 85A.(1) A SIP ceases to be a Schedule 2 SIP.
                                                                                                                                                              1. Company reconstructions
                                                                                                                                                                1. 86.(1) In this Part of this Schedule a “company reconstruction”.
                                                                                                                                                                1. 87.(1) In the SIP code references to a participant’s plan.
                                                                                                                                                                1. 88.(1) This paragraph applies for the purposes of the SIP.
                                                                                                                                                                1. 89.(1) The plan may provide for the company to issue.
                                                                                                                                                                1. 90.(1) This paragraph applies if the company has issued a.
                                                                                                                                                                1. 91.(1) This paragraph applies for the purposes of the provisions.
                                                                                                                                                                1. 92.(1) For the purposes of the SIP code the “market.
                                                                                                                                                                1. 93.(1) An officer of Revenue and Customs may by notice.
                                                                                                                                                                1. 94.(1) For the purposes of the SIP code one company.
                                                                                                                                                                1. 95.(1) This paragraph explains what is meant, for the purposes.
                                                                                                                                                                1. 96.(1) For the purposes of the SIP code plan shares.
                                                                                                                                                                1. 97.(1) For the purposes of the SIP code plan shares.
                                                                                                                                                                1. 98.(1) In the SIP code, in relation to a SIP.
                                                                                                                                                                1. 99.(1) In the SIP code— “articles of association”, in relation.
                                                                                                                                                                1. 100.In the SIP code the following expressions are defined or.
                                                                                                                                                                1. Part 1 Introduction
                                                                                                                                                                  1. Introduction to Schedule 3 SAYE option schemes
                                                                                                                                                                    1. 1.(A1) For the purposes of the SAYE code an SAYE.
                                                                                                                                                                    1. 2.(1) In the SAYE code an “SAYE option scheme” means.
                                                                                                                                                                    1. 3.(1) An SAYE option scheme established by a company that.
                                                                                                                                                                    1. General requirements for approval: introduction
                                                                                                                                                                      1. 4.An SAYE option scheme must meet the requirements of— paragraph.
                                                                                                                                                                      1. 5.(1) The purpose of the scheme must be to provide.
                                                                                                                                                                      1. 6.(1) The scheme must provide that every person who meets.
                                                                                                                                                                      1. 7.(1) The requirements of this paragraph are—
                                                                                                                                                                      1. 8.(1) The requirement of this paragraph is that, if the.
                                                                                                                                                                      1. Requirements relating to the eligibility of individuals: introduction
                                                                                                                                                                        1. 9.An SAYE option scheme must meet the requirements of— paragraph.
                                                                                                                                                                        1. 10.(1) The scheme must ensure that an individual is not.
                                                                                                                                                                        1. 11.(1) The scheme must ensure that an individual is not.
                                                                                                                                                                        1. 12.(1) In paragraph 11 (the “no material interest” requirement) references.
                                                                                                                                                                        1. 13.(1) For the purposes of paragraph 12 (meaning of “material.
                                                                                                                                                                        1. 14.(1) In paragraph 11(2) (the “no material interest” requirement) “associate”.
                                                                                                                                                                        1. 15.(1) This paragraph applies for the purposes of paragraph 14(1)(c).
                                                                                                                                                                        1. 16.(1) This paragraph applies for the purposes of paragraph 14(1)(c).
                                                                                                                                                                        1. Requirements relating to shares that may be subject to share options: introduction
                                                                                                                                                                          1. 17.(1) An SAYE option scheme must meet the requirements of—.
                                                                                                                                                                          1. 18.Eligible shares must form part of the ordinary share capital.
                                                                                                                                                                          1. 19.(1) Eligible shares must be— (a) shares of a class.
                                                                                                                                                                          1. 20.Eligible shares must be— (a) fully paid up, and
                                                                                                                                                                          1. 21.(1) Eligible shares must not be subject to any restrictions.
                                                                                                                                                                          1. 22.(1) The majority of the issued shares of the same.
                                                                                                                                                                          1. Requirements as to linked savings arrangement : introduction
                                                                                                                                                                            1. 23.An SAYE option scheme must meet the requirements of— paragraph.
                                                                                                                                                                            1. 24.(1) The scheme must provide for shares acquired by the.
                                                                                                                                                                            1. 25.(1) The scheme must provide for a person’s contributions under.
                                                                                                                                                                            1. 26.(1) For the purposes of this Schedule repayments under a.
                                                                                                                                                                            1. Requirements etc. relating to share options: introduction
                                                                                                                                                                              1. 27.(1) An SAYE option scheme must meet the requirements of—.
                                                                                                                                                                              1. 28.(1) The price at which shares may be acquired by.
                                                                                                                                                                              1. 29.(1) The scheme must ensure that share options granted to.
                                                                                                                                                                              1. 30.(1) The scheme must ensure that share options granted under.
                                                                                                                                                                              1. 31.(1) The scheme must specify the age that is to.
                                                                                                                                                                              1. 32.The scheme must provide that, if a participant dies before.
                                                                                                                                                                              1. 33.(1) The scheme must provide that, if a participant (“P”).
                                                                                                                                                                              1. 34.(1) The scheme must provide that, if a participant (“P”).
                                                                                                                                                                              1. 35.(1) This paragraph applies for the purposes of paragraph 34.
                                                                                                                                                                              1. 36.The scheme may provide that if at the bonus date.
                                                                                                                                                                              1. 37.(1) The scheme may provide that share options relating to.
                                                                                                                                                                              1. Exchange of options on company reorganisation
                                                                                                                                                                                1. 38.(1) An SAYE option scheme may provide that if—
                                                                                                                                                                                1. 39.(1) This paragraph applies to a scheme that makes provision.
                                                                                                                                                                                1. 40A.Notice of scheme to be given to HMRC
                                                                                                                                                                                2. 40B.Annual returns
                                                                                                                                                                                3. 40C.(1) This paragraph applies if the scheme organiser fails to.
                                                                                                                                                                                4. 40D.Notices and returns to be given electronically etc
                                                                                                                                                                                5. 40E.(1) This paragraph applies if a return under paragraph 40B.
                                                                                                                                                                                6. 40F.Enquiries
                                                                                                                                                                                7. 40G.(1) An enquiry under paragraph 40F(2), (3) or (5) is.
                                                                                                                                                                                8. 40H.(1) This paragraph applies if HMRC decide—
                                                                                                                                                                                9. 40I.(1) This paragraph applies if HMRC decide—
                                                                                                                                                                                10. 40J.Assessment of penalties
                                                                                                                                                                                11. 40K.Appeals
                                                                                                                                                                                1. Power to require information
                                                                                                                                                                                  1. 45.(1) An officer of Revenue and Customs may by notice.
                                                                                                                                                                                  1. 46.(1) This paragraph applies for the purposes of the provisions.
                                                                                                                                                                                  1. 47.(1) For the purposes of the SAYE code, except in.
                                                                                                                                                                                  1. 47A.(1) For the purposes of the SAYE code a “non-UK.
                                                                                                                                                                                  1. 48.(1) In the SAYE code— “ certified SAYE savings arrangement.
                                                                                                                                                                                  1. 49.In the SAYE code the following expressions are defined or.
                                                                                                                                                                                  1. Part 1 Introduction
                                                                                                                                                                                    1. Introduction to Schedule 4 CSOP schemes
                                                                                                                                                                                      1. 1.(A1) For the purposes of the CSOP code a CSOP.
                                                                                                                                                                                      1. 2.(1) In the CSOP code a “CSOP scheme” means (in.
                                                                                                                                                                                      1. 3.(1) A CSOP scheme established by a company that controls.
                                                                                                                                                                                      1. General requirements . introduction
                                                                                                                                                                                        1. 4.A CSOP scheme must meet the requirements of— paragraph 5.
                                                                                                                                                                                        1. 5.(1) The purpose of the scheme must be to provide.
                                                                                                                                                                                        1. 6.(1) The scheme must provide that an individual may not.
                                                                                                                                                                                        1. Requirements relating to the eligibility of individuals: introduction
                                                                                                                                                                                          1. 7.A CSOP scheme must meet the requirements of— paragraph 8.
                                                                                                                                                                                          1. 8.(1) The scheme must ensure that an individual is not.
                                                                                                                                                                                          1. 9.(1) The scheme must ensure that an individual is not.
                                                                                                                                                                                          1. 10.(1) In paragraph 9 (the “no material interest” requirement) references.
                                                                                                                                                                                          1. 11.(1) For the purposes of paragraph 10 (meaning of “material.
                                                                                                                                                                                          1. 12.(1) In paragraph 9(2) (the “no material interest” requirement) “associate”.
                                                                                                                                                                                          1. 13.(1) This paragraph applies for the purposes of paragraph 12(1)(c).
                                                                                                                                                                                          1. 14.(1) This paragraph applies for the purposes of paragraph 12(1)(c).
                                                                                                                                                                                          1. Requirements relating to shares that may be subject to share options: introduction
                                                                                                                                                                                            1. 15.(1) A CSOP scheme must meet the requirements of— paragraph.
                                                                                                                                                                                            1. 16.Eligible shares must form part of the ordinary share capital.
                                                                                                                                                                                            1. 17.(1) Eligible shares must be — (a) shares of a.
                                                                                                                                                                                            1. 18.Eligible shares must be— (a) fully paid up, and
                                                                                                                                                                                            1. 19.(1) Eligible shares must not be subject to any restrictions.
                                                                                                                                                                                            1. 20.(1) The majority of the issued shares of the same.
                                                                                                                                                                                            1. Requirements etc. relating to share options: introduction
                                                                                                                                                                                              1. 21.(1) A CSOP scheme must meet the requirements of— paragraph.
                                                                                                                                                                                              1. 21A.(1) The following terms of a share option which is.
                                                                                                                                                                                              1. 22.(1) The price at which shares may be acquired by.
                                                                                                                                                                                              1. 23.(1) The scheme must ensure that share options granted to.
                                                                                                                                                                                              1. 24.(1) The scheme may provide that an individual may exercise.
                                                                                                                                                                                              1. 25.(1) The scheme may provide that, if a participant dies.
                                                                                                                                                                                              1. 25A.(1) The scheme may provide that share options relating to.
                                                                                                                                                                                              1. Exchange of options on company reorganisation
                                                                                                                                                                                                1. 26.(1) A CSOP scheme may provide that if—
                                                                                                                                                                                                1. 27.(1) This paragraph applies to a scheme that makes provision.
                                                                                                                                                                                                1. Notice of scheme to be given to HMRC
                                                                                                                                                                                                  1. 28A.(1) For a CSOP scheme to be a Schedule 4.
                                                                                                                                                                                                  1. 28B.(1) This paragraph applies if notice is given in relation.
                                                                                                                                                                                                  2. 28C.(1) This paragraph applies if the scheme organiser fails to.
                                                                                                                                                                                                  1. 28D.(1) A notice under paragraph 28A, and any information accompanying.
                                                                                                                                                                                                  2. 28E.(1) This paragraph applies if a return under paragraph 28B.
                                                                                                                                                                                                  1. 28F.(1) This paragraph applies if notice is given in relation.
                                                                                                                                                                                                  2. 28G.(1) An enquiry under paragraph 28F(2), (3) or (5) is.
                                                                                                                                                                                                  3. 28H.(1) This paragraph applies if HMRC decide—
                                                                                                                                                                                                  4. 28I.(1) This paragraph applies if HMRC decide—
                                                                                                                                                                                                  1. 28J.(1) This paragraph applies if the scheme organiser is liable.
                                                                                                                                                                                                  1. 28K.(A1) The scheme organiser may appeal against a decision of.
                                                                                                                                                                                                  1. Power to require information
                                                                                                                                                                                                    1. 33.(1) An officer of Revenue and Customs may by notice.
                                                                                                                                                                                                    1. 34.(1) This paragraph applies for the purposes of the provisions.
                                                                                                                                                                                                    1. 35.(1) For the purposes of the CSOP code one company.
                                                                                                                                                                                                    1. 35ZA.(1) For the purposes of the CSOP code a “non-UK.
                                                                                                                                                                                                    1. 35A.A retirement age specified in a CSOP scheme—
                                                                                                                                                                                                    1. 36.(1) In the CSOP code— “company” means a body corporate;.
                                                                                                                                                                                                    1. 37.In the CSOP code the following expressions are defined or.
                                                                                                                                                                                                    1. Part 1 Introduction
                                                                                                                                                                                                      1. Enterprise management incentives: qualifying options
                                                                                                                                                                                                        1. 1.(1) This Schedule makes provision for establishing what is a.
                                                                                                                                                                                                        1. 2.In the EMI code, in relation to a share option—.
                                                                                                                                                                                                        1. General requirements: introduction
                                                                                                                                                                                                          1. 3.A share option is not a qualifying option unless the.
                                                                                                                                                                                                          1. 4.To be a qualifying option a share option must be.
                                                                                                                                                                                                          1. 5.(1) An employee may not hold unexercised qualifying options which—.
                                                                                                                                                                                                          1. 6.(1) Sub-paragraph (2) applies if an employee (“E”) has already.
                                                                                                                                                                                                          1. 7.(1) The total value of shares in the relevant company.
                                                                                                                                                                                                          1. Qualifying companies: introduction
                                                                                                                                                                                                            1. 8.A “qualifying company” is a company in relation to which.
                                                                                                                                                                                                            1. 9.(1) The independence requirement consists of two conditions.
                                                                                                                                                                                                            1. 10.(1) A company that has one or more subsidiaries is.
                                                                                                                                                                                                            1. 11.(1) A company (“the subsidiary”) is a qualifying subsidiary of.
                                                                                                                                                                                                            1. 11A.(1) A company is not a qualifying company if it.
                                                                                                                                                                                                            1. 11B.(1) A company (“the subsidiary”) is a qualifying 90% subsidiary.
                                                                                                                                                                                                            1. 12.(1) The gross assets requirement in the case of a.
                                                                                                                                                                                                            1. 12A.(1) The number of employees requirement in the case of.
                                                                                                                                                                                                            1. 13.(1) The trading activities requirement in the case of a.
                                                                                                                                                                                                            1. 14.(1) The trading activities requirement in the case of a.
                                                                                                                                                                                                            1. 14A.(1) The UK permanent establishment requirement is met if condition.
                                                                                                                                                                                                            1. 15.(1) A trade is a qualifying trade if—
                                                                                                                                                                                                            1. 16.The following are excluded activities— (a) dealing in land, in.
                                                                                                                                                                                                            1. 17.(1) This paragraph supplements paragraph 16(b). (2) A trade of.
                                                                                                                                                                                                            1. 18.(1) This paragraph supplements paragraph 16(d) so far as it.
                                                                                                                                                                                                            1. 19.(1) This paragraph supplements paragraph 16(e) (receipt of royalties or.
                                                                                                                                                                                                            1. 20.(1) This paragraph supplements paragraph 16(g). (2) “Property development” means.
                                                                                                                                                                                                            1. 20A.In paragraph 16(ia) “ shipbuilding ” has the same meaning.
                                                                                                                                                                                                            1. 20B.(1) This paragraph supplements paragraph 16(ib). (2) “ Coal ”.
                                                                                                                                                                                                            1. 20C.In paragraph 16(ic) “ steel ” means any of the.
                                                                                                                                                                                                            1. 21.(1) This paragraph supplements paragraph 16(j). (2) A “comparable establishment”.
                                                                                                                                                                                                            1. 22.(1) This paragraph supplements paragraph 16(k). (2) “Nursing home” means.
                                                                                                                                                                                                            1. 23.(1) This paragraph applies where a company (“the service provider”).
                                                                                                                                                                                                            1. Eligible employees: introduction
                                                                                                                                                                                                              1. 24.An individual is an “eligible employee” in relation to the.
                                                                                                                                                                                                              1. 25.To be an eligible employee in relation to the relevant.
                                                                                                                                                                                                              1. 26.(1) For an individual (“the employee”) to be an eligible.
                                                                                                                                                                                                              1. 27.(1) In paragraph 26 “working time” means—
                                                                                                                                                                                                              1. 28.(1) An individual is not an eligible employee in relation.
                                                                                                                                                                                                              1. 29.(1) In paragraph 28 (the “no material interest” requirement) references.
                                                                                                                                                                                                              1. 30.(1) This paragraph applies for the purposes of paragraph 29.
                                                                                                                                                                                                              1. 31.(1) In paragraph 28(2) (the “no material interest” requirement) “associate”.
                                                                                                                                                                                                              1. 32.(1) This paragraph applies for the purposes of paragraph 31(1)(c).
                                                                                                                                                                                                              1. 33.(1) This paragraph applies for the purposes of paragraph 31(1)(c).
                                                                                                                                                                                                              1. Requirements relating to options: introduction
                                                                                                                                                                                                                1. 34.A share option is not a qualifying option unless the.
                                                                                                                                                                                                                1. 35.(1) The option must confer a right to acquire shares.
                                                                                                                                                                                                                1. 36.(1) The option must be capable of being exercised within.
                                                                                                                                                                                                                1. 37.(1) The option must take the form of a written.
                                                                                                                                                                                                                1. 38.The terms on which the option is granted—
                                                                                                                                                                                                                1. Company reorganisations: introduction
                                                                                                                                                                                                                  1. 39.(1) This Part applies in connection with company reorganisations.
                                                                                                                                                                                                                  1. 40.(1) For the purposes of the EMI code there is.
                                                                                                                                                                                                                  1. 41.(1) This paragraph applies if both of the following conditions.
                                                                                                                                                                                                                  1. 42.(1) To qualify as a replacement option the new option.
                                                                                                                                                                                                                  1. 43.(1) For the new option to qualify as a replacement.
                                                                                                                                                                                                                  1. Notice of option to be given to Inland Revenue
                                                                                                                                                                                                                    1. 44.(1) For a share option to be a qualifying option.
                                                                                                                                                                                                                    1. 45.(1) An officer of Revenue and Customs may amend a.
                                                                                                                                                                                                                    1. 46.(1) This paragraph applies where notice of a share option.
                                                                                                                                                                                                                    1. 47.(1) An enquiry under paragraph 46(2) is completed when an.
                                                                                                                                                                                                                    1. 48.(1) An application may be made to the tribunal under.
                                                                                                                                                                                                                    1. 49.(1) If an officer of Revenue and Customs does not.
                                                                                                                                                                                                                    1. 50.(1) The employer company may appeal against a decision of.
                                                                                                                                                                                                                    1. Power to require information
                                                                                                                                                                                                                      1. 51.(1) An officer of Revenue and Customs may by notice.
                                                                                                                                                                                                                      1. 52.(1) This paragraph applies in relation to a company whose.
                                                                                                                                                                                                                      2. 52A.(1) A return under paragraph 52, and any information accompanying.
                                                                                                                                                                                                                      1. 53.(1) For the purposes of this Part and Part 7.
                                                                                                                                                                                                                      1. 54.(1) The Treasury may by order amend the EMI code—.
                                                                                                                                                                                                                      1. 55.(1) For the purposes of the EMI code the “market.
                                                                                                                                                                                                                      1. 56.(1) This paragraph applies to the determination of the market.
                                                                                                                                                                                                                      1. 57.(1) The employer company may appeal against any determination by.
                                                                                                                                                                                                                      1. 57A.A company is liable for a penalty of £500 if.
                                                                                                                                                                                                                      2. 57B.(1) This paragraph applies if a company fails to give.
                                                                                                                                                                                                                      3. 57C.(1) This paragraph applies if a return under paragraph 52.
                                                                                                                                                                                                                      4. 57D.(1) This paragraph applies if a company is liable for.
                                                                                                                                                                                                                      5. 57E.(1) A company may appeal against a decision of HMRC.
                                                                                                                                                                                                                      1. 58.In the EMI code— “arrangements” includes any scheme, agreement or.
                                                                                                                                                                                                                      1. 59.In the EMI code the following expressions are defined or.
                                                                                                                                                                                                                      1. Part 1 Income and Corporation Taxes Act 1988
                                                                                                                                                                                                                        1. 1.The Income and Corporation Taxes Act 1988 (c. 1) is.
                                                                                                                                                                                                                        2. 2.. . . . . . . . . .
                                                                                                                                                                                                                        3. 3.In section 4(1) (construction of references in Income Tax Acts.
                                                                                                                                                                                                                        4. 4.. . . . . . . . . .
                                                                                                                                                                                                                        5. 5.. . . . . . . . . .
                                                                                                                                                                                                                        6. 6.Omit section 19 (Schedule E).
                                                                                                                                                                                                                        7. 7.In section 21A(2) (computation of amount chargeable)—
                                                                                                                                                                                                                        8. 8.Omit section 58 (foreign pensions).
                                                                                                                                                                                                                        9. 9.. . . . . . . . . .
                                                                                                                                                                                                                        10. 10.. . . . . . . . . .
                                                                                                                                                                                                                        11. 11.. . . . . . . . . .
                                                                                                                                                                                                                        12. 12.. . . . . . . . . .
                                                                                                                                                                                                                        13. 13.. . . . . . . . . .
                                                                                                                                                                                                                        14. 14.Omit sections 131 to 134 (miscellaneous provisions relating to the.
                                                                                                                                                                                                                        15. 15.Omit sections 135 to 137 (provisions relating to gains by.
                                                                                                                                                                                                                        16. 16.(1) Amend section 138 (share acquisitions by directors and employees).
                                                                                                                                                                                                                        17. 17.Omit section 140 (further interpretation of sections 135 to 139).
                                                                                                                                                                                                                        18. 18.Omit sections 140A to 140H (further provisions relating to share.
                                                                                                                                                                                                                        19. 19.Omit sections 141 to 144 (vouchers and credit-tokens).
                                                                                                                                                                                                                        20. 20.Omit section 144A (payments received free of tax).
                                                                                                                                                                                                                        21. 21.Omit sections 145 to 147 (living accommodation).
                                                                                                                                                                                                                        22. 22.Omit sections 148 to 151A (payments on retirement, sick pay.
                                                                                                                                                                                                                        23. 23.. . . . . . . . . .
                                                                                                                                                                                                                        24. 24.Omit sections 153 to 159AC and sections 160 to 168G.
                                                                                                                                                                                                                        25. 25.Omit section 185 (approved share option schemes).
                                                                                                                                                                                                                        26. 26.(1) Amend section 186 (approved profit sharing schemes) as follows.
                                                                                                                                                                                                                        27. 27.In section 187 (interpretation of sections 185 and 186 and.
                                                                                                                                                                                                                        28. 28.Omit the following provisions (which give relief from income tax.
                                                                                                                                                                                                                        29. 29.Omit sections 202A and 202B (assessment on receipts basis).
                                                                                                                                                                                                                        30. 30.Omit sections 203 to 204 (pay as you earn).
                                                                                                                                                                                                                        31. 31.Omit sections 205 and 206 (assessments).
                                                                                                                                                                                                                        32. 32.Omit section 206A (PAYE settlement agreements).
                                                                                                                                                                                                                        33. 33.Omit section 207 (disputes as to domicile or ordinary residence).
                                                                                                                                                                                                                        34. 34.. . . . . . . . . .
                                                                                                                                                                                                                        35. 35.. . . . . . . . . .
                                                                                                                                                                                                                        36. 36.After section 266 insert— Life assurance premiums paid by employer.
                                                                                                                                                                                                                        37. 37.. . . . . . . . . .
                                                                                                                                                                                                                        38. 38.. . . . . . . . . .
                                                                                                                                                                                                                        39. 39.Omit section 313 (taxation of consideration for certain restrictive undertakings).
                                                                                                                                                                                                                        40. 40.. . . . . . . . . .
                                                                                                                                                                                                                        41. 41.Omit sections 315 to 318 (pensions etc. paid in respect.
                                                                                                                                                                                                                        42. 42.Omit section 319 (crown servants: foreign service allowance).
                                                                                                                                                                                                                        43. 43.Omit section 321 (consuls and other official agents).
                                                                                                                                                                                                                        44. 44.. . . . . . . . . .
                                                                                                                                                                                                                        45. 45.. . . . . . . . . .
                                                                                                                                                                                                                        46. 46.Omit section 330 (compensation for National-Socialist persecution).
                                                                                                                                                                                                                        47. 47.(1) Amend section 332 (expenditure and houses of ministers of.
                                                                                                                                                                                                                        48. 48.. . . . . . . . . .
                                                                                                                                                                                                                        49. 49.. . . . . . . . . .
                                                                                                                                                                                                                        50. 50.. . . . . . . . . .
                                                                                                                                                                                                                        51. 51.. . . . . . . . . .
                                                                                                                                                                                                                        52. 52.In section 376(2) (qualifying borrowers and qualifying lenders) for the.
                                                                                                                                                                                                                        53. 53.. . . . . . . . . .
                                                                                                                                                                                                                        54. 54.. . . . . . . . . .
                                                                                                                                                                                                                        55. 55.. . . . . . . . . .
                                                                                                                                                                                                                        56. 56.. . . . . . . . . .
                                                                                                                                                                                                                        57. 57.. . . . . . . . . .
                                                                                                                                                                                                                        58. 58.. . . . . . . . . .
                                                                                                                                                                                                                        59. 59.. . . . . . . . . .
                                                                                                                                                                                                                        60. 60.. . . . . . . . . .
                                                                                                                                                                                                                        61. 61.. . . . . . . . . .
                                                                                                                                                                                                                        62. 62.. . . . . . . . . .
                                                                                                                                                                                                                        63. 63.. . . . . . . . . .
                                                                                                                                                                                                                        64. 64.. . . . . . . . . .
                                                                                                                                                                                                                        65. 65.. . . . . . . . . .
                                                                                                                                                                                                                        66. 66.. . . . . . . . . .
                                                                                                                                                                                                                        67. 67.. . . . . . . . . .
                                                                                                                                                                                                                        68. 68.Omit section 589 (qualifying courses of training etc.).
                                                                                                                                                                                                                        69. 69.. . . . . . . . . .
                                                                                                                                                                                                                        70. 70.. . . . . . . . . .
                                                                                                                                                                                                                        71. 71.In section 591D (provisions supplementary to section 591C) omit subsection.
                                                                                                                                                                                                                        72. 72.. . . . . . . . . .
                                                                                                                                                                                                                        73. 73.. . . . . . . . . .
                                                                                                                                                                                                                        74. 74.Omit sections 595 and 596 (payments by employer to retirement.
                                                                                                                                                                                                                        75. 75.Omit sections 596A to 596C (benefits under non-approved retirement benefits.
                                                                                                                                                                                                                        76. 76.Omit section 597 (charge to tax: pensions).
                                                                                                                                                                                                                        77. 77.In section 599A (charge to tax: payments out of surplus.
                                                                                                                                                                                                                        78. 78.Omit section 600 (charge to tax: unauthorised payments to or.
                                                                                                                                                                                                                        79. 79.. . . . . . . . . .
                                                                                                                                                                                                                        80. 80.(1) . . . . . . . . .
                                                                                                                                                                                                                        81. 81.In section 608 (charge to tax on annuities paid out.
                                                                                                                                                                                                                        82. 82.. . . . . . . . . .
                                                                                                                                                                                                                        83. 83.In section 613 (Parliamentary pension funds) omit subsections (1) to.
                                                                                                                                                                                                                        84. 84.In section 614(3) (exemptions and reliefs in respect of income.
                                                                                                                                                                                                                        85. 85.In section 615 (exemption from tax in respect of certain.
                                                                                                                                                                                                                        86. 86.Omit section 616 (other overseas pensions).
                                                                                                                                                                                                                        87. 87.. . . . . . . . . .
                                                                                                                                                                                                                        88. 88.Omit section 617A (tax credits under Part 1 of Tax.
                                                                                                                                                                                                                        89. 89.. . . . . . . . . .
                                                                                                                                                                                                                        90. 90.. . . . . . . . . .
                                                                                                                                                                                                                        91. 91.(1) Section 643 (employer’s contributions and personal pension income etc.).
                                                                                                                                                                                                                        92. 92.. . . . . . . . . .
                                                                                                                                                                                                                        93. 93.. . . . . . . . . .
                                                                                                                                                                                                                        94. 94.. . . . . . . . . .
                                                                                                                                                                                                                        95. 95.. . . . . . . . . .
                                                                                                                                                                                                                        96. 96.Omit sections 647 to 648A (personal pensions: unauthorised payments, contributions.
                                                                                                                                                                                                                        97. 97.. . . . . . . . . .
                                                                                                                                                                                                                        98. 98.. . . . . . . . . .
                                                                                                                                                                                                                        99. 99.. . . . . . . . . .
                                                                                                                                                                                                                        100. 100.. . . . . . . . . .
                                                                                                                                                                                                                        101. 101.. . . . . . . . . .
                                                                                                                                                                                                                        102. 102.. . . . . . . . . .
                                                                                                                                                                                                                        103. 103.. . . . . . . . . .
                                                                                                                                                                                                                        104. 104.In section 824(4A) (repayment supplement: individuals and others) for “section.
                                                                                                                                                                                                                        105. 105.. . . . . . . . . .
                                                                                                                                                                                                                        106. 106.In section 830 (territorial sea and designated areas) omit subsection.
                                                                                                                                                                                                                        107. 107.In section 831(3) (interpretation of ICTA) before the entry relating.
                                                                                                                                                                                                                        108. 108.. . . . . . . . . .
                                                                                                                                                                                                                        109. 109.. . . . . . . . . .
                                                                                                                                                                                                                        110. 110.Omit Schedules 6 and 6A (taxation of directors and others.
                                                                                                                                                                                                                        111. 111.Omit Schedules 7 and 7A (taxation of benefit of loans).
                                                                                                                                                                                                                        112. 112.(1) Amend Schedule 9 (approved share option schemes and profit.
                                                                                                                                                                                                                        113. 113.(1) Amend Schedule 10 (further provisions relating to profit sharing.
                                                                                                                                                                                                                        114. 114.Omit Schedule 11 (payments and other benefits in connection with.
                                                                                                                                                                                                                        115. 115.Omit Schedule 11A (removal benefits and expenses).
                                                                                                                                                                                                                        116. 116.Omit Schedule 12 (foreign earnings).
                                                                                                                                                                                                                        117. 117.Omit Schedule 12AA (mileage allowances).
                                                                                                                                                                                                                        118. 118.Omit Schedule 12A (ordinary commuting and private travel).
                                                                                                                                                                                                                        119. 119.In Schedule 14 (modification of section 266 in certain cases).
                                                                                                                                                                                                                        120. 120.. . . . . . . . . .
                                                                                                                                                                                                                        121. 121.. . . . . . . . . .
                                                                                                                                                                                                                        1. Finance Act 1969 (c. 32)
                                                                                                                                                                                                                          1. 122.(1) Section 58 of the Finance Act 1969 (disclosure of.
                                                                                                                                                                                                                          1. 123.The Taxes Management Act 1970 is amended as follows.
                                                                                                                                                                                                                          2. 124.In section 7(4) and (5) (notice of liability to income.
                                                                                                                                                                                                                          3. 125.(1) Amend section 9 (returns to include self-assessment) as follows.
                                                                                                                                                                                                                          4. 126.(1) Amend section 15 (return of employee’s emoluments etc.) as.
                                                                                                                                                                                                                          5. 127.For section 16A substitute— Agency workers (1) This section applies where— (a) any services which an.
                                                                                                                                                                                                                          6. 128.In section 42(3) (procedure for making claims etc.) for “section.
                                                                                                                                                                                                                          7. 129.. . . . . . . . . .
                                                                                                                                                                                                                          8. 130.In section 59A (payments on account of income tax)—
                                                                                                                                                                                                                          9. 131.(1) Amend section 59B (payment of income tax and capital.
                                                                                                                                                                                                                          10. 132.In section 62(1A)(a) (priority of claim for tax)—
                                                                                                                                                                                                                          11. 133.In section 63(3)(a) (recovery of tax in Scotland) for “section.
                                                                                                                                                                                                                          12. 134.In section 64(1A)(a) (priority of claim for tax in Scotland)—.
                                                                                                                                                                                                                          13. 135.(1) Amend section 70 (evidence) as follows.
                                                                                                                                                                                                                          14. 136.In section 91(3)(c) (effect on interest of reliefs) for “section.
                                                                                                                                                                                                                          15. 137.(1) Amend the Table in section 98 (special returns, etc.).
                                                                                                                                                                                                                          16. 138.In section 98A(1) (special penalties in the case of certain.
                                                                                                                                                                                                                          17. 139.In section 118 (interpretation) after the entry relating to “inspector”.
                                                                                                                                                                                                                          18. 140.In section 119(4) (construction of the Act) after “1992 Act”.
                                                                                                                                                                                                                          19. 141.In paragraph 4(1A) of Schedule 1A (claims etc. not included.
                                                                                                                                                                                                                          20. 142.. . . . . . . . . .
                                                                                                                                                                                                                          21. 143.In Schedule 3A (electronic lodgement of tax returns etc.) in.
                                                                                                                                                                                                                          1. 144.. . . . . . . . . .
                                                                                                                                                                                                                          2. 145.. . . . . . . . . .
                                                                                                                                                                                                                          3. 146.. . . . . . . . . .
                                                                                                                                                                                                                          1. 147.. . . . . . . . . .
                                                                                                                                                                                                                          1. 148.In Schedule 1 to the Interpretation Act 1978 (words and.
                                                                                                                                                                                                                          1. 149.In section 73B of the Education (Scotland) Act 1980 (grants.
                                                                                                                                                                                                                          1. 150.The Inheritance Tax Act 1984 is amended as follows.
                                                                                                                                                                                                                          2. 151.(1) Amend the following provisions as provided in sub-paragraph (2)—.
                                                                                                                                                                                                                          3. 152.In section 14(1) (waiver of remuneration), for “would be assessable.
                                                                                                                                                                                                                          1. 153.In paragraph 1(1) of Schedule 3 to the Bankruptcy (Scotland).
                                                                                                                                                                                                                          1. 154.In paragraph 1 of Schedule 6 to the Insolvency Act.
                                                                                                                                                                                                                          1. 155.(1) Section 73 of the Finance Act 1988 (consideration for.
                                                                                                                                                                                                                          1. 156.The Finance Act 1989 is amended as follows.
                                                                                                                                                                                                                          2. 157.For section 43 substitute— Schedule D: computation (1) In calculating profits or gains of a trade to.
                                                                                                                                                                                                                          3. 158.For section 44 substitute— Investment and insurance companies: computation (1) In calculating the profits of an investment company for.
                                                                                                                                                                                                                          4. 159.In section 53(2)(f) (amendments consequential on the substitution of a.
                                                                                                                                                                                                                          5. 160.(1) Amend section 69 (chargeable events in relation to employee.
                                                                                                                                                                                                                          6. 161.. . . . . . . . . .
                                                                                                                                                                                                                          7. 162.In section 178(2) (setting of rates of interest)—
                                                                                                                                                                                                                          8. 163.(1) Amend Schedule 5 (employee share ownership trusts) as follows.
                                                                                                                                                                                                                          1. 164.In paragraph 1 of Schedule 4 to the Insolvency (Northern.
                                                                                                                                                                                                                          1. 165.The Finance Act 1990 is amended as follows.
                                                                                                                                                                                                                          2. 166.. . . . . . . . . .
                                                                                                                                                                                                                          3. 167.(1) Amend paragraph 4 of Schedule 14 (amendments of sections.
                                                                                                                                                                                                                          1. 168.(1) Amend section 38 of the Finance Act 1991 (employee.
                                                                                                                                                                                                                          1. 169.The Social Security Contributions and Benefits Act 1992 is amended.
                                                                                                                                                                                                                          2. 170.In section 1 (outline of contributory system), in subsection (2)(bb).
                                                                                                                                                                                                                          3. 171.In section 2 (categories of earners), in subsection (1)(a) for.
                                                                                                                                                                                                                          4. 172.(1) Amend section 4 (payments treated as remuneration and earnings).
                                                                                                                                                                                                                          5. 173.In section 7(1)(b) (meaning of “secondary contributor”) for “emoluments” in.
                                                                                                                                                                                                                          6. 174.(1) Amend section 10 (Class 1A National Insurance contributions: benefits.
                                                                                                                                                                                                                          7. 175.(1) Amend section 10ZA (liability of third party provider of.
                                                                                                                                                                                                                          8. 176.(1) Amend section 10ZB (non-cash vouchers provided by third parties).
                                                                                                                                                                                                                          9. 177.(1) Amend section 10A (Class 1B National Insurance contributions) as.
                                                                                                                                                                                                                          10. 178.(1) Amend section 122(1) (interpretation of Parts 1 to 6.
                                                                                                                                                                                                                          11. 179.In section 126(5)(a)(ii) (trade disputes) for “emoluments in pursuance of.
                                                                                                                                                                                                                          12. 180.(1) Amend section 150(2) (interpretation of Part 10) as follows.
                                                                                                                                                                                                                          13. 181.In section 163(1) (interpretation of Part 11), in paragraph (a).
                                                                                                                                                                                                                          14. 182.In section 171(1) (interpretation of Part 12), in paragraph (a).
                                                                                                                                                                                                                          15. 183.In section 171ZJ(2)(a) (Part 12ZA: supplementary) for “emoluments chargeable to.
                                                                                                                                                                                                                          16. 184.In section 171ZS(2)(a) (Part 12ZB: supplementary) for “emoluments chargeable to.
                                                                                                                                                                                                                          17. 185.In Schedule 1 (supplementary provisions relating to contributions of Classes.
                                                                                                                                                                                                                          1. 186.The Social Security Administration Act 1992 is amended as follows.
                                                                                                                                                                                                                          2. 187.(1) Amend section 139(11) (definitions used in provisions relating to.
                                                                                                                                                                                                                          3. 188.(1) Amend section 159B(6) (effect of alterations affecting state pension.
                                                                                                                                                                                                                          4. 189.(1) Amend section 162(5) (destination of national insurance contributions) as.
                                                                                                                                                                                                                          1. 190.The Social Security Contributions and Benefits (Northern Ireland) Act 1992.
                                                                                                                                                                                                                          2. 191.In section 1 (outline of contributory system), in subsection (2)(bb).
                                                                                                                                                                                                                          3. 192.In section 2 (categories of earners), in subsection (1)(a) for.
                                                                                                                                                                                                                          4. 193.(1) Amend section 4 (payments treated as remuneration and earnings).
                                                                                                                                                                                                                          5. 194.In section 7(1)(b) (meaning of “secondary contributor”) for “emoluments” in.
                                                                                                                                                                                                                          6. 195.(1) Amend section 10 (Class 1A National Insurance contributions: benefits.
                                                                                                                                                                                                                          7. 196.(1) Amend section 10ZA (liability of third party provider of.
                                                                                                                                                                                                                          8. 197.(1) Amend section 10ZB (non-cash vouchers provided by third parties).
                                                                                                                                                                                                                          9. 198.(1) Amend section 10A (Class 1B National Insurance contributions) as.
                                                                                                                                                                                                                          10. 199.(1) Amend section 121(1) (interpretation of Parts 1 to 6.
                                                                                                                                                                                                                          11. 200.In section 125(5)(a)(ii) (trade disputes) for “emoluments in pursuance of.
                                                                                                                                                                                                                          12. 201.(1) Amend section 146(2) (interpretation of Part 10) as follows.
                                                                                                                                                                                                                          13. 202.In section 159(1) (interpretation of Part 11), in paragraph (a).
                                                                                                                                                                                                                          14. 203.In section 167(1) (interpretation of Part 12), in paragraph (a).
                                                                                                                                                                                                                          15. 204.In Schedule 1 (supplementary provisions relating to contributions of Classes.
                                                                                                                                                                                                                          1. 205.(1) Section 139B(6) of the Social Security Administration (Northern Ireland).
                                                                                                                                                                                                                          2. 206.In section 142(5) of that Act (destination of national insurance.
                                                                                                                                                                                                                          1. 207.The Taxation of Chargeable Gains Act 1992 is amended as.
                                                                                                                                                                                                                          2. 208.. . . . . . . . . .
                                                                                                                                                                                                                          3. 209.In section 11(1) (visiting forces, agents-general etc.)—
                                                                                                                                                                                                                          4. 210.(1) Amend section 120 (increased expenditure by reference to tax.
                                                                                                                                                                                                                          5. 211.(1) Amend section 149B (employee incentive schemes: conditional interests in.
                                                                                                                                                                                                                          6. 212.After section 149B insert— Priority share allocations Section 17(1) shall not apply to an acquisition of shares.
                                                                                                                                                                                                                          7. 213.In section 222(8D)(b) (relief on disposal of private residence), for.
                                                                                                                                                                                                                          8. 214.In section 236A (employee share ownership plans), and in the.
                                                                                                                                                                                                                          9. 215.In section 238(2)(a) (approved profit sharing and share option schemes).
                                                                                                                                                                                                                          10. 216.After section 238 insert— Approved share schemes and share incentives.
                                                                                                                                                                                                                          11. 217.After section 263 insert— Former employees: employment-related liabilities (1) This section applies if— (a) a deduction of the.
                                                                                                                                                                                                                          12. 218.In section 271 (other miscellaneous exemptions), for subsection (1)(c) substitute—.
                                                                                                                                                                                                                          13. 219.(1) Amend section 288(1) (interpretation) as follows.
                                                                                                                                                                                                                          14. 220.(1) Amend Schedule 7C (relief for transfers to approved share.
                                                                                                                                                                                                                          15. 221.After Schedule 7C insert— SCHEDULE 7D Approved share schemes and.
                                                                                                                                                                                                                          1. 222.In section 181(1) of the Pension Schemes Act 1993 (general.
                                                                                                                                                                                                                          1. 223.In section 176(1) of the Pension Schemes (Northern Ireland) Act.
                                                                                                                                                                                                                          1. 224.(1) In the Finance Act 1994, paragraph 27 of Schedule.
                                                                                                                                                                                                                          1. 225.The Finance Act 1995 is amended as follows.
                                                                                                                                                                                                                          2. 226.. . . . . . . . . .
                                                                                                                                                                                                                          3. 227.In section 137(7) (part-time workers: miscellaneous provisions) for “Subsections (2).
                                                                                                                                                                                                                          1. 228.The Jobseekers Act 1995 is amended as follows.
                                                                                                                                                                                                                          2. 229.In section 15(2)(c)(i) (effect on other claimants) for “emoluments in.
                                                                                                                                                                                                                          3. 230.In section 26(3) (the back to work bonus) for the.
                                                                                                                                                                                                                          1. 231.For section 10(4) of the Child Support Act 1995 (child.
                                                                                                                                                                                                                          1. 232.For Article 4(4) of the Child Support (Northern Ireland) Order.
                                                                                                                                                                                                                          1. 233.The Jobseekers (Northern Ireland) Order 1995 is amended as follows.
                                                                                                                                                                                                                          2. 234.In Article 17(2)(c)(i) (effect on other claimants) for “emoluments in.
                                                                                                                                                                                                                          3. 235.In Article 28(3) (the back to work bonus) for the.
                                                                                                                                                                                                                          1. 236.In section 22 of the Teaching and Higher Education Act.
                                                                                                                                                                                                                          1. 237.In section 79(3) of the Scotland Act 1998 (supplemental powers.
                                                                                                                                                                                                                          1. 238.In Article 3 of the Education (Student Support) (Northern Ireland).
                                                                                                                                                                                                                          1. 239.The Tax Credits Act 1999 is amended as follows.
                                                                                                                                                                                                                          2. 240.In section 6(1) (payment of tax credit by employers etc.).
                                                                                                                                                                                                                          3. 241.In paragraph 10(1) of Schedule 2 (transfer of functions), in.
                                                                                                                                                                                                                          1. 242.The Finance Act 2000 is amended as follows.
                                                                                                                                                                                                                          2. 243.(1) Amend section 38 (payroll deduction scheme) as follows.
                                                                                                                                                                                                                          3. 244.. . . . . . . . . .
                                                                                                                                                                                                                          4. 245.. . . . . . . . . .
                                                                                                                                                                                                                          1. 246.The Capital Allowances Act 2001 is amended as follows.
                                                                                                                                                                                                                          2. 247.(1) Amend section 4 (capital expenditure) as follows.
                                                                                                                                                                                                                          3. 248.(1) Amend section 20 (employments and offices) as follows.
                                                                                                                                                                                                                          4. 249.In section 61(2) (disposal events and disposal values), in entry.
                                                                                                                                                                                                                          5. 250.In section 63(1) (cases in which disposal value is nil).
                                                                                                                                                                                                                          6. 251.In section 72(3) (disposal values), in entry 2(b) of the.
                                                                                                                                                                                                                          7. 252.In section 88(c) (sales at under-value) for “Schedule E” substitute.
                                                                                                                                                                                                                          8. 253.In section 262 (employments and offices)— (a) in paragraph (a).
                                                                                                                                                                                                                          9. 254.In section 423(1) (disposal value for sections 421 and 422).
                                                                                                                                                                                                                          10. 255.At the end of Part 1 of Schedule 1 (abbreviations).
                                                                                                                                                                                                                          11. 256.. . . . . . . . . .
                                                                                                                                                                                                                          1. 257.For section 95 of the Finance Act 2001 (exemptions in.
                                                                                                                                                                                                                          2. 258.. . . . . . . . . .
                                                                                                                                                                                                                          1. 259.The Social Security Contributions (Share Options) Act 2001 is amended.
                                                                                                                                                                                                                          2. 260.In section 2(3)(b) (effect of notice under section 1) for.
                                                                                                                                                                                                                          3. 261.(1) Amend section 3 (special provision for roll-overs) as follows.
                                                                                                                                                                                                                          4. 262.In section 5(2)(c) (interpretation)— (a) for “subsection (8) of section.
                                                                                                                                                                                                                          1. 263.(1) Section 17(1) of the State Pension Credit Act 2002.
                                                                                                                                                                                                                          1. 264.The Tax Credits Act 2002 is amended as follows.
                                                                                                                                                                                                                          2. 265.(1) Amend section 25 (payments of working tax credit by.
                                                                                                                                                                                                                          3. 266.In section 29(5) (recovery of overpayments) for “regulations under section.
                                                                                                                                                                                                                          1. 267.(1) Section 17(1) of the State Pension Credit Act (Northern.
                                                                                                                                                                                                                          1. 268.(1) This paragraph applies if provision is made for Northern.
                                                                                                                                                                                                                          2. 269.(1) This paragraph applies if provision is made for Northern.
                                                                                                                                                                                                                          1. Part 1 Continuity of the law
                                                                                                                                                                                                                            1. 1.The repeal of provisions and their enactment in a rewritten.
                                                                                                                                                                                                                            2. 2.Paragraph 1 does not apply to any change in the.
                                                                                                                                                                                                                            3. 3.Any subordinate legislation or other thing which—
                                                                                                                                                                                                                            4. 4.Any reference (express or implied) in any enactment, instrument or.
                                                                                                                                                                                                                            5. 5.Any reference (express or implied) in any enactment, instrument or.
                                                                                                                                                                                                                            6. 6.Paragraphs 1 to 5 have effect instead of section 17(2).
                                                                                                                                                                                                                            7. 7.Paragraphs 4 and 5 apply only in so far as.
                                                                                                                                                                                                                            1. Taxable earnings
                                                                                                                                                                                                                              1. 8.(1) The charging provisions of Chapters 4 and 5 of.
                                                                                                                                                                                                                              1. 9.(1) This paragraph applies where one or more of the.
                                                                                                                                                                                                                              2. 10.Section 36(2) (the definition of “blocked earnings”) applies in relation.
                                                                                                                                                                                                                              3. 11.(1) This paragraph applies where a claimant—
                                                                                                                                                                                                                              1. 12.(1) Nothing in sections 42 and 43 (disputes as to.
                                                                                                                                                                                                                              1. 13.In relation to times before 6th April 2003, Chapter 7.
                                                                                                                                                                                                                              2. 14.Section 44(2) does not apply in relation to—
                                                                                                                                                                                                                              1. .
                                                                                                                                                                                                                                1. 15.. . . . . . . . . .
                                                                                                                                                                                                                                2. 16.. . . . . . . . . .
                                                                                                                                                                                                                                1. 17.(1) In relation to times before 6th April 2003, references.
                                                                                                                                                                                                                                1. 18.. . . . . . . . . .
                                                                                                                                                                                                                                2. 19.. . . . . . . . . .
                                                                                                                                                                                                                                3. 20.. . . . . . . . . .
                                                                                                                                                                                                                                1. 21.(1) Section 107 (special rule for calculating cost of providing.
                                                                                                                                                                                                                                1. 22.(1) In relation to a capital sum contributed by the.
                                                                                                                                                                                                                                2. 23.(1) In relation to a capital sum contributed by the.
                                                                                                                                                                                                                                3. 24.. . . . . . . . . .
                                                                                                                                                                                                                                1. 25.(1) Chapter 7 of Part 3 applies to a loan.
                                                                                                                                                                                                                                2. 26.(1) This paragraph relates to the operation of section 183.
                                                                                                                                                                                                                                3. 27.(1) Subject to paragraph 25(2), where a loan is made.
                                                                                                                                                                                                                                1. 28.Chapter 8 of Part 3 does not apply in relation.
                                                                                                                                                                                                                                2. 29.(1) This paragraph relates to the operation of Chapter 8.
                                                                                                                                                                                                                                1. 30.. . . . . . . . . .
                                                                                                                                                                                                                                2. 31.. . . . . . . . . .
                                                                                                                                                                                                                                1. 32.(1) This paragraph applies in relation to Chapter 10 of.
                                                                                                                                                                                                                                1. Incidental overnight expenses and benefits
                                                                                                                                                                                                                                  1. 33.In determining whether section 240(1) or (2) or 268 applies—.
                                                                                                                                                                                                                                  2. 34.In determining— (a) whether section 141(6C) and (6D), 142(3C) and.
                                                                                                                                                                                                                                  1. 35.(1) Section 287 (limit on exemption for removal benefits and.
                                                                                                                                                                                                                                  2. 36.A direction under paragraph 6(2) of Schedule 11A to ICTA.
                                                                                                                                                                                                                                  1. 37.(1) The repeal of sections 588(5)(a) and 589(3) and (4).
                                                                                                                                                                                                                                  1. 38.(1) This paragraph applies for the purpose of determining the.
                                                                                                                                                                                                                                  1. Earnings charged on remittance
                                                                                                                                                                                                                                    1. 39.In relation to expenses incurred before the tax year 2003-04.
                                                                                                                                                                                                                                    1. 40.In relation to any time before 6th April 2003, section.
                                                                                                                                                                                                                                    1. Benefits from non-approved pension schemes
                                                                                                                                                                                                                                      1. 41.(1) Chapter 2 of Part 6 (benefits from non-approved pension.
                                                                                                                                                                                                                                      1. 42.Section 403 (charge on payment or other benefit) does not.
                                                                                                                                                                                                                                      2. 43.(1) This paragraph applies for the purpose of determining how.
                                                                                                                                                                                                                                      1. Pre-6th April 2003 acquisitions
                                                                                                                                                                                                                                        1. 43A.(1) This paragraph relates to the operation of section 421E.
                                                                                                                                                                                                                                        1. 44.Chapter 2 of Part 7 , as originally enacted, does.
                                                                                                                                                                                                                                        2. 45.(1) This paragraph relates to the operation of section 425.
                                                                                                                                                                                                                                        3. 46.(1) This paragraph relates to the operation of section 428.
                                                                                                                                                                                                                                        4. 47.. . . . . . . . . .
                                                                                                                                                                                                                                        5. 48.. . . . . . . . . .
                                                                                                                                                                                                                                        1. 49.Chapter 3 of Part 7 does not apply in relation.
                                                                                                                                                                                                                                        2. 50.. . . . . . . . . .
                                                                                                                                                                                                                                        3. 51.. . . . . . . . . .
                                                                                                                                                                                                                                        4. 52.. . . . . . . . . .
                                                                                                                                                                                                                                        5. 53.. . . . . . . . . .
                                                                                                                                                                                                                                        1. 54.Chapter 4 of Part 7, both as originally enacted and.
                                                                                                                                                                                                                                        2. 55.(1) Chapter 4 of Part 7 , as originally enacted.
                                                                                                                                                                                                                                        3. 56.The removal or variation of a restriction applying to shares.
                                                                                                                                                                                                                                        4. 57.Despite the repeals made by this Act—
                                                                                                                                                                                                                                        5. 58.(1) This paragraph relates to the operation of section 448.
                                                                                                                                                                                                                                        6. 59.. . . . . . . . . .
                                                                                                                                                                                                                                        7. 60.. . . . . . . . . .
                                                                                                                                                                                                                                        8. 61.. . . . . . . . . .
                                                                                                                                                                                                                                        1. 61A.Chapter 3D of Part 7 does not apply in relation.
                                                                                                                                                                                                                                        1. 62.. . . . . . . . . .
                                                                                                                                                                                                                                        2. 63.(1) This paragraph relates to the operation of section 474.
                                                                                                                                                                                                                                        3. 64.(1) This paragraph relates to the operation of section 478.
                                                                                                                                                                                                                                        4. 65.(1) This paragraph relates to the operation of section 478.
                                                                                                                                                                                                                                        5. 66.. . . . . . . . . .
                                                                                                                                                                                                                                        6. 67.. . . . . . . . . .
                                                                                                                                                                                                                                        1. 68.(1) This paragraph applies where, immediately before 6th April 2003.
                                                                                                                                                                                                                                        2. 69.(1) Any reference in any enactment, instrument or document—
                                                                                                                                                                                                                                        3. 70.Nothing in paragraph 91(4) of Schedule 2 to this Act.
                                                                                                                                                                                                                                        1. 71.(1) This paragraph applies where, immediately before 6th April 2003.
                                                                                                                                                                                                                                        2. 72.(1) Any reference in the SAYE code to a share.
                                                                                                                                                                                                                                        1. 73.(1) This paragraph applies where, immediately before 6th April 2003.
                                                                                                                                                                                                                                        2. 74.(1) Any reference in the CSOP code to a share.
                                                                                                                                                                                                                                        3. 75.(1) This paragraph has effect where, immediately before 6th April.
                                                                                                                                                                                                                                        4. 76.(1) This paragraph applies to any right obtained by an.
                                                                                                                                                                                                                                        1. 77.(1) This paragraph applies where, immediately before 6th April 2003.
                                                                                                                                                                                                                                        2. 78.(1) In section 535 (disqualifying events relating to employee), subsections.
                                                                                                                                                                                                                                        3. 79.(1) Section 536 (other disqualifying events) has effect in relation.
                                                                                                                                                                                                                                        4. 80.(1) Section 537 (alteration of share capital for purposes of.
                                                                                                                                                                                                                                        5. 81.In a case where the qualifying option was granted before.
                                                                                                                                                                                                                                        6. 82.(1) This paragraph relates to the operation of section 541(2).
                                                                                                                                                                                                                                        7. 83.In Schedule 5 (enterprise management incentives), paragraph 41(6) (like other.
                                                                                                                                                                                                                                        1. 84.In relation to times before 6th April 2003, section 549(5).
                                                                                                                                                                                                                                        1. Trustees' duty to provide information
                                                                                                                                                                                                                                          1. 85.Any obligation imposed in accordance with paragraph 34(b) of Schedule.
                                                                                                                                                                                                                                          1. 86.(1) Where the trustees of an approved share incentive plan.
                                                                                                                                                                                                                                          1. 87.(1) In applying any of the provisions specified in sub-paragraph.
                                                                                                                                                                                                                                          1. Disabled person’s and working families' tax credits
                                                                                                                                                                                                                                            1. 88.(1) This paragraph applies if, on 6th April 2003, the.
                                                                                                                                                                                                                                            1. PAYE regulations
                                                                                                                                                                                                                                              1. 89.(1) In relation to any time before the commencement of.
                                                                                                                                                                                                                                              1. 90.(1) This paragraph applies where— (a) a company is charged.
                                                                                                                                                                                                                                              2. 91.(1) This paragraph applies in relation to corporation tax charged.
                                                                                                                                                                                                                                              3. 92.(1) The provisions of this Act mentioned in sub-paragraph (2).
                                                                                                                                                                                                                                              1. Part 1 Acts of Parliament
                                                                                                                                                                                                                                              2. Part 2 Subordinate legislation

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                                                                                                                                                                                                                                              Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

                                                                                                                                                                                                                                              • the original print PDF of the as enacted version that was used for the print copy
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