SCHEDULES

SCHEDULE 3Employee share schemes: minor amendments

Price for acquisition of shares under share option

6

1

In Schedule 3 to ITEPA 2003 (SAYE option schemes), paragraph 28 (requirements as to price for acquisition of shares) is amended as follows.

2

In sub-paragraph (1)—

a

in paragraph (b), for “at that time” substitute

—

i

at that time, or

ii

at such earlier time as may be determined in accordance with guidance issued by the Commissioners for Her Majesty's Revenue and Customs.

b

for “sub-paragraphs (2) and (3)” substitute “ sub-paragraph (3) ”.

3

Omit sub-paragraph (2).