SCHEDULES
SCHEDULE 7Transitionals and savings
Part 7Employment income: F2income related to securities
F1Pre-6th April 2003 acquisitions
Sch. 7 para. 43A and cross-heading inserted (16.4.2003) by Finance Act 2003 (c. 14), Sch. 22 para. 46(5)(26)(b)
43A
1
This paragraph relates to the operation of section 421E (exclusions from Chapters 2 to 4 of Part 7: residence) in relation to an acquisition made before 6th April 2003.
2
Section 421E(1) has effect with the substitution of “
the employee was not chargeable under Case I of Schedule E in respect of the employment
”
for the words from “the earnings”.
3
Section 421E(2) has effect with the substitution of “
the emoluments of the employment did not fall to be charged to income tax under Schedule E
”
for the words from “the earnings”.
Words in Sch. 7 Pt. 7 heading substituted (10.7.2003) by Finance Act 2003 (c. 14), Sch. 22 para. 46(4)