Finance Act 2014, Paragraph 140 is up to date with all changes known to be in force on or before 04 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.
140(1)Section 94A of ITTOIA 2005 (costs of setting up SAYE option scheme or CSOP scheme) is amended as follows.U.K.
(2)In subsection (1)—
(a)in paragraph (a) omit “that is approved by an officer of Revenue and Customs”, and
(b)omit paragraph (b) and the “and” before it.
(3)In subsection (2)—
(a)at the beginning of paragraph (a) insert “ Schedule 3 ”,
(b)at the beginning of paragraph (b) insert “ Schedule 4 ”, and
(c)omit the final sentence.
(4)In subsection (4) for “approval is given” (in both places) substitute “ relevant date falls ”.
(5)After subsection (4) insert—
“(4A)In subsection (4) “the relevant date”—
(a)in relation to a Schedule 3 SAYE option scheme, has the meaning given in paragraph 40A(6) of Schedule 3 to ITEPA 2003, and
(b)in relation to a Schedule 4 CSOP scheme, has the meaning given in paragraph 28A(6) of Schedule 4 to ITEPA 2003.”
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