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Changes over time for: Paragraph 59


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 22/07/2020.
Changes to legislation:
Income Tax (Earnings and Pensions) Act 2003, Paragraph 59 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.

Changes to Legislation
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This section has no associated Explanatory Notes
59U.K.In the EMI code the following expressions are defined or otherwise explained by the provisions indicated below:
the appropriate time | paragraph 1(4) |
arrangements | paragraph 58(1) |
child | [section 721(6)] |
close company | [section 989 of ITA 2007], (and see paragraph 29(4)) |
closure notice | paragraph 47(4) |
company | paragraph 58 |
company reorganisation (in Part 6 of this Schedule) | paragraph 39(2) |
connected person | section 718 |
control | section 719 (and see paragraphs 10(2) and 23(6)) |
disqualifying event | see sections 532 to 539 |
distribution | [section 989 of ITA 2007] |
earnings | section 62 and see section 721(7) |
the EMI code | section 527(3) |
employee and employment | section 4 |
eligible employee | paragraph 24 |
employer company | paragraph 2 |
excluded activities | paragraph 16 |
farming | [section 996 of ITA 2007] |
. . . | . . . |
generally accepted accounting practice | [section 997 of ITA 2007] |
group of companies | paragraph 58 |
the group | paragraph 58 |
. . . | ... |
market value | paragraph 55 (and see paragraph 5(7)) |
met (in Part 7 of this Schedule) | paragraph 44(7) |
new option | paragraph 41(7) |
notice | [section 989 of ITA 2007] |
[offshore installation] | [sections 1001 and 1002 of ITA 2007] |
old option | paragraph 41(7) |
ordinary share capital | [section 989 of ITA 2007] |
original option | section 529(3) |
parent company | paragraph 58 |
personal representative | [section 989 of ITA 2007] |
qualifying company | paragraph 8 |
qualifying option | section 527(4) (and see paragraph 41(5)) |
qualifying subsidiary | paragraph 11 |
qualifying trade | paragraph 15 |
relevant company | paragraph 2 |
replacement option | section 527(4) |
the requirements of this Schedule | section 527(4) |
research and development | paragraph 58 |
share option | section 527(4) |
shares | paragraph 58 (and see paragraph 40(4)(a)) |
single company | paragraph 58 |
. . . | . . . |
51% subsidiary | [section 989 of ITA 2007] |
tax | [section 989 of ITA 2007] |
tax year | [section 4(2) of ITA 2007 (as applied by section 989 of that Act)] |
trade | [section 989 of ITA 2007] |
[tribunal | section 989 of ITA 2007] |
United Kingdom | [section 1013 of ITA 2007] |
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