Income Tax (Trading and Other Income) Act 2005

Income Tax (Earnings and Pensions) Act 2003 (c. 1)

618 (1) Amend Schedule 3 (approved SAYE option schemes) as follows.

(2) In paragraph 1(3) for “savings scheme” substitute “savings arrangement”.

(3) In paragraph 2(1)(b) for “savings schemes” substitute “savings arrangements”.

(4) In paragraph 14(3), for “Chapter 1A of Part 15 of ICTA (see section 660G(1) and (2))” substitute “Chapter 5 of Part 5 of ITTOIA 2005 (see section 620 of that Act)”.

(5) In paragraph 23—

(a) in the heading (including the Part heading), for “scheme” substitute “arrangement”, and

(b) for “savings schemes”, in both places where it occurs, substitute “savings arrangements”.

(6) In paragraph 24(1)—

(a) in the heading, for “schemes” substitute “arrangements”,

(b) for “CCS scheme” substitute “certified SAYE savings arrangement”, and

(c) for “(“the CCS scheme”)” substitute “(“the approved savings arrangement”)”.

(7) Omit paragraph 24(2).

(8) In paragraph 25—

(a) in the heading, for “schemes” substitute “arrangements”,

(b) in sub-paragraph (1), for “CCS scheme” substitute “the approved savings arrangement”, and

(c) in sub-paragraph (3)(a), for “CCS schemes linked to approved SAYE option schemes” substitute “certified SAYE savings arrangements linked to approved SAYE option schemes”.

(9) In paragraph 26—

(a) in the heading, for “scheme” substitute “arrangement”,

(b) in sub-paragraph (1), for “CCS scheme” substitute “certified SAYE savings arrangement”, and

(c) in sub-paragraph (2), for “scheme” substitute “arrangement”.

(10) In paragraph 30(3), for “the CCS scheme” substitute “the approved savings arrangement”.

(11) In paragraph 48(1)—

(a) for “certified contractual savings scheme” substitute “certified SAYE savings arrangement”, and

(b) for “section 326(2) to (6) of ICTA” substitute “section 703(1) of ITTOIA 2005”.

(12) In paragraph 49, for “certified contractual savings scheme (CCS scheme)” substitute “certified SAYE savings arrangement”.