Search Legislation

Income Tax (Earnings and Pensions) Act 2003

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Paragraph 40

 Help about opening options

Alternative versions:

Status:

Point in time view as at 03/08/2005.

Changes to legislation:

Income Tax (Earnings and Pensions) Act 2003, Paragraph 40 is up to date with all changes known to be in force on or before 06 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. Help about Changes to Legislation

This section has no associated Explanatory Notes

40(1)Where—U.K.

(a)an SAYE option scheme has been established, and

(b)the scheme organiser makes an application to [F1an officer of Revenue and Customs] for approval of the scheme,

[F1an officer of Revenue and Customs] must approve the scheme if [F2the officer] [F3is] satisfied that it meets the requirements of Parts 2 to 7 of this Schedule.

(2)An application for approval—

(a)must be in writing, and

(b)must contain such particulars and be supported by such evidence as [F1an officer of Revenue and Customs] may require.

(3)Once [F1an officer of Revenue and Customs] [F4has] decided whether or not to approve the scheme, [F5the officer] must give notice of [F6the] decision to the scheme organiser.

Back to top

Options/Help