http://www.legislation.gov.uk/ukpga/1991/31/section/41
Finance Act 1991
An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.
1991-07-25
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2024-05-17
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2020-12-31
Part IIINCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX
I1 CHAPTER I GENERAL
Annotations:
Commencement Information
Profit-related pay, share schemes etc.
41 Profit sharing schemes.
1
In section 187(2) of the Taxes Act 1988, in the definition of
“relevant amount”
(limit on the value of shares that may be appropriated to a participant in a year of assessment) for
“not less than £2,000 and not more than £6,000” there shall be substituted “not less than £3,000 and not more than £8,000
”
.
2
This section shall apply for the year 1991-92 and subsequent years of assessment.
Chapter I partly in force at 4.5.1988 due to retrospective effect of s. 74(5)