SCHEDULES

SCHEDULE 5U.K.Enterprise management incentives

Part 3U.K.Qualifying companies

Excluded activities: hotels and comparable establishmentsU.K.

21(1)This paragraph supplements paragraph 16(j).U.K.

(2)A “comparable establishment” means a guest house, hostel or other establishment offering overnight accommodation.

(3)An establishment offers overnight accommodation if the main purpose of maintaining it is the provision of facilities for such accommodation (with or without catering services).

(4)The activities of a person are not to be taken to fall within paragraph 16(j) unless that person has an estate or interest in, or is in occupation of, the hotel or comparable establishment in question.