SCHEDULES
SCHEDULE 8Employee share schemes
PART 2SAYE option schemes
Other amendments: ITEPA 2003, Part 4 of FA 2004, ITTOIA 2005 and CTA 2009
137
In section 697 (PAYE: enhancing the value of an asset) in subsection (4)—
a
in paragraph (a) omit the words from “Schedule 3” to the second “or”,
b
after paragraph (a) insert—
aa
any shares acquired by the employee under a scheme which is a Schedule 3 SAYE option scheme (see Schedule 3),
c
in paragraph (b) for “such a scheme” substitute “
a scheme mentioned in any of the preceding paragraphs
”
.