13U.K.In section 186A (the number of employees requirement)—
(a)in subsections (1) and (2) for “250” substitute “ the permitted limit ”, and
(b)after subsection (3) insert—
“(3A)The permitted limit” means—
(a)if the issuing company is a knowledge-intensive company (see section 252A) at the time the relevant shares are issued, 500, and
(b)in any other case, 250.
(3B)The Treasury may by regulations amend subsection (3A)(a) or (b) by substituting a different number for the number for the time being specified there.”
14U.K.Omit section 200 (power to amend certain provisions of Chapter 4 of Part 5 of ITA 2007 by Treasury order).