Finance Act 2014, Paragraph 3 is up to date with all changes known to be in force on or before 01 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.
3(1)Section 488 (introduction to share incentive plans) is amended as follows.U.K.
(2)In the heading omit “Approved”.
(3)In subsection (1)—
(a)omit paragraph (a), and
(b)in paragraph (b) for “those plans” substitute “ share incentive plans (“SIPs”) which are Schedule 2 SIPs ”.
(4)Omit subsection (2).
(5)In subsection (4)—
(a)omit the definitions of “approved” and “approval”, and
(b)after the definition of “PAYE deduction” insert—
““Schedule 2 SIP” is to be read in accordance with paragraph 1 and Part 10 of Schedule 2;”.
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