SCHEDULES
SCHEDULE 3Employee share schemes: minor amendments
Enterprise management incentives and employee ownership trusts
1
1
In section 534 of ITEPA 2003 (disqualifying events relating to relevant company), at the end insert—
7
Subsection (1)(a) and (b) do not apply where the relevant company is subject to an employee-ownership trust (within the meaning of paragraph 27(4) to (6) of Schedule 2).
2
The amendment made by this paragraph is treated as having come into force on 1 October 2014.