Increase in limits for enterprise management incentives
This
adran has no associated
Memorandwm Esboniadol
2.—(1) The EMI code in the Income Tax (Earnings and Pensions) Act 2003(1) is amended as follows.
(2) For the sums specified in—
(a)paragraph 5(1)(a) of Schedule 5;
(b)paragraph 6(1) and (3) of that Schedule, and
(c)section 536(1)(e),
the sum of £120,000 is substituted.
(1)
“The EMI code” is defined in section 527(3) of the Income Tax (Earnings and Pensions) Act 2003.