SCHEDULES

SCHEDULE 4Consequential amendments

Part 2Amendments of other Acts

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

82

1

In Part 4 of Schedule 2 to the Income Tax (Earnings and Pensions) Act 2003 (approved share incentive plans: types of shares that may be awarded) paragraph 28 is amended as follows.

2

In sub-paragraph (4) for “a registered industrial and provident society which is a co-operative society” substitute “ a registered co-operative society ”.

3

For sub-paragraph (5) substitute—

5

In sub-paragraph (4) “registered co-operative society” means—

a

a society registered as a co-operative society under the Co-operative and Community Benefit Societies Act 2014,

b

a pre-commencement society (within the meaning of that Act) that is a co-operative society within the meaning of section 2 of that Act, F1...

c

a society registered or deemed to be registered under the Industrial and Provident Societies Act (Northern Ireland) 1969 that is a co-operative society within the meaning of section 1 of that Act

F2, or

d

an SCE formed in accordance with Council Regulation ( EC ) No 1435/2003 on the Statute for a European Cooperative Society.

y