SCHEDULES

SCHEDULE 11 U.K. Transitional provisions for profit-related pay

Meaning of “relevant anniversary" U.K.

4 U.K. For the purposes of this Schedule the relevant anniversary is—

(a) for the purposes of paragraph 1(2) above, the first anniversary of the first day of the earlier period; and

(b) for the purposes of paragraph 1(3) above, the first anniversary of the date that is taken to be the relevant anniversary for the purpose of computing the section 171(4) limit for the earlier period in accordance with this Schedule.