Chwilio Deddfwriaeth

Income Tax (Earnings and Pensions) Act 2003

 Help about what version

Pa Fersiwn

 Help about advanced features

Nodweddion Uwch

 Help about opening options

Dewisiadau AgorExpand opening options

Changes over time for: Paragraph 44

 Help about opening options

Version Superseded: 18/04/2005

Status:

Point in time view as at 13/06/2003.

Changes to legislation:

Income Tax (Earnings and Pensions) Act 2003, Paragraph 44 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. Help about Changes to Legislation

This adran has no associated Nodiadau Esboniadol

44(1)For a share option to be a qualifying option, notice of the option must be given to the Inland Revenue within 92 days after the date of the grant of the option.U.K.

(2)The notice must—

(a)be given by the employer company, and

(b)be in a form required or authorised by the Inland Revenue.

(3)The notice must contain, or be supported by, such information as the Inland Revenue may require for the purpose of determining whether the requirements of this Schedule are met.

(4)The notice must also contain a declaration within each of sub-paragraphs (5) and (6).

(5)A declaration within this sub-paragraph is a declaration by a director, or the secretary, of the employer company—

(a)that in the opinion of that person the requirements of this Schedule are met in relation to the option, and

(b)that the information provided is, to the best of that person’s knowledge, correct and complete.

(6)A declaration within this sub-paragraph is a declaration by the individual to whom the option has been granted that the individual meets the requirement of paragraph 26 (commitment of working time) in relation to the option.

(7)Any reference in this Part of this Schedule to the requirements (or any of the requirements) of this Schedule being met in relation to a share option is a reference to the requirements or requirement being met in relation to it at the appropriate time.

Yn ôl i’r brig

Options/Cymorth