SCHEDULES

SCHEDULE 5 U.K. Enterprise management incentives

Part 3 U.K. Qualifying companies

Qualifying companies: introduction U.K.

8 U.K. A “qualifying company” is a company in relation to which the requirements of this Part of this Schedule as to the following are met at the appropriate time—

• independence (see paragraph 9),

• having only qualifying subsidiaries (see paragraphs 10 and 11),

• gross assets (see paragraph 12), and

• trading activities (see paragraphs 13 and 14, read with paragraphs 15 to 23).