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Income Tax (Earnings and Pensions) Act 2003, Paragraph 49 is up to date with all changes known to be in force on or before 25 August 2024. 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.
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49U.K.In the SAYE code the following expressions are defined or otherwise explained by the provisions indicated below:
approved | section 516(4) (and see paragraph 42(3)) |
associated company | paragraph 47(1) |
the bonus date | paragraph 30(3) |
[F1certified SAYE savings arrangement] | paragraph 48(1) |
child | [F2section 721(6)] |
close company | [F3section 989 of ITA 2007], (and see paragraph 11(4)) |
company | paragraph 48(1) |
connected person | section 718 |
constituent company | paragraph 3(3) |
control | section 719 (and see paragraphs 35(4) and 47(2)) |
distribution | [F4section 989 of ITA 2007] |
earnings | section 62 and see section 721(7) |
eligible shares (in Part 4 of this Schedule) | paragraph 17(2) |
employee and employment | section 4 |
group scheme | paragraph 3(2) (and see paragraph 46) |
F5. . . | F5. . . |
F6. . . | F6. . . |
market value | paragraph 48(1) |
member of a consortium | paragraph 48(2) |
notice | [F7section 989 of ITA 2007] |
the options (in relation to a participant) | paragraph 2(2) |
ordinary share capital | [F8section 989 of ITA 2007] |
participant | paragraph 2(2) |
participate | paragraph 2(2) |
personal representatives | [F9section 989 of ITA 2007] |
recognised stock exchange | [F10section 1005 of ITA 2007] |
the SAYE code | section 516(3) |
SAYE option scheme | section 516(4) |
the scheme organiser | paragraph 2(2) |
share option | section 516(4) |
shares | section 516(4) |
F11. . . | F11. . . |
specified age | paragraph 31 |
tax | section 832(3) of ICTA [F12(as applied by section 989 of ITA 2007)] |
[F13tribunal | section 989 of ITA 2007] |
F14. . . | F14. . . |
Textual Amendments
F1Words in Sch. 3 para. 49 substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 618(12) (with Sch. 2)
F2Words in Sch. 3 para. 49 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 448(a) (with Sch. 2)
F3Words in Sch. 3 para. 49 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 448(b) (with Sch. 2)
F4Words in Sch. 3 para. 49 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 448(c) (with Sch. 2)
F5Sch. 3 para. 49 entry repealed (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 122(f), Sch. 5; S.I. 2005/1126, art. 2(2)(h)(i)
F6Sch. 3 para. 49 Table entry repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 448(d), Sch. 3 Pt. 1 (with Sch. 2)
F7Words in Sch. 3 para. 49 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 448(e) (with Sch. 2)
F8Words in Sch. 3 para. 49 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 448(f) (with Sch. 2)
F9Words in Sch. 3 para. 49 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 448(g) (with Sch. 2)
F10Words in Sch. 3 para. 49 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 448(h) (with Sch. 2)
F11Words in Sch. 3 para. 49 Table omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 347(2)
F12Words in Sch. 3 para. 49 Table inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 448(i) (with Sch. 2)
F13Words in Sch. 3 para. 49 Table inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 347(3)
F14Sch. 3 para. 49 Table entry repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 448(j), Sch. 3 Pt. 1 (with Sch. 2)
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