SCHEDULES
SCHEDULE 7Transitionals and savings
Part 7Employment income: F1income related to securities
Annotations:
Amendments (Textual)
Enterprise management incentives
77
1
This paragraph applies where, immediately before 6th April 2003, a share option was a qualifying option for the purposes of Schedule 14 to FA 2000 (enterprise management incentives).
2
On and after that date the share option is to be treated as a qualifying option for the purposes of the EMI code.
3
Sub-paragraph (2) has effect even if the requirements that had to be met in order for the share option, or any share option replaced by it, to be a qualifying option for the purposes of Schedule 14 to FA 2000 differed to any extent from those set out in Schedule 5.
4
In this paragraph “share option” means a right to acquire shares.
Words in Sch. 7 Pt. 7 heading substituted (10.7.2003) by Finance Act 2003 (c. 14), Sch. 22 para. 46(4)