Explanatory Notes

Finance Act 2013

2013 CHAPTER 29

17 July 2013

Introduction

Section 14, Schedule 2: Tax Advantaged Employee Share Schemes

Details of the Schedule

Part 8, Enterprise Management Incentives: Consequences of Disqualifying Events

56.Paragraph 94 amends section 532 ITEPA to extend from 40 to 90 days the time available for those holding qualifying EMI options to exercise them with favourable tax treatment after a 'disqualifying event' occurs. The change takes effect from the date the legislation receives Royal Assent.