Point in time view as at 22/07/2020.
Income Tax (Earnings and Pensions) Act 2003, Paragraph 39 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
39(1)A plan that provides for performance allowances must comply with the following requirements with respect to performance targets and performance measures.U.K.
(2)The performance targets must be set for performance units comprising one or more employees.
(3)The performance measures used must—
(a)be based on business results or other objective criteria, and
(b)be fair and objective measures of the performance of the units to which they are or may be applied.
(4)For the purposes of an award of free shares under the plan an employee must not be a member of more than one performance unit.
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