16(1)Amend section 138 (share acquisitions by directors and employees) as follows.U.K.
(2)In subsection (1)(b) for “Schedule E” substitute “ the employment income Parts of ITEPA 2003 ”.
(3)In subsection (4)(b) for “Case I of Schedule E” substitute “ section 15 or 21 of ITEPA 2003 (earnings of employee resident and ordinarily resident in the UK) ”.