Income Tax (Earnings and Pensions) Act 2003 (c. 1)

SCHEDULES

SCHEDULE 2 U.K. F1 ... share incentive plans

Textual Amendments

F1 Word in Sch. 2 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 14, 89 (with Sch. 8 paras. 90-96)

Part 4 U.K. Types of shares that may be awarded

Types of share that may be awarded: introduction U.K.

25 (1) The requirements of the following paragraphs must be met with respect to any shares that may be awarded under a SIP— U.K.

• paragraph 26 (shares must be part of ordinary share capital of certain companies),

• paragraph 27 (requirement as to listing etc.),

• paragraph 28 (shares must be fully paid up and not redeemable), [F2 and]

• paragraph 29 (prohibited shares)

• F3 ...

(2) In this Part of this Schedule “eligible shares” means shares that may be awarded under the plan.

Textual Amendments

F2 Word in Sch. 2 para. 25(1) inserted (with effect in accordance with Sch. 2 para. 58 of the amending Act) by Finance Act 2013 (c. 29), Sch. 2 para. 47(a)

F3 Words in Sch. 2 para. 25(1) omitted (with effect in accordance with Sch. 2 para. 58 of the amending Act) by virtue of Finance Act 2013 (c. 29), Sch. 2 para. 47(b)