Income Tax (Earnings and Pensions) Act 2003

[F1484DefinitionsU.K.
This section has no associated Explanatory Notes

(1)In this Chapter—

  • “securities”, and

  • “securities option”,

  • have the meaning indicated in section 420.

(2)In this Chapter “market value” has the meaning indicated in section 421(1).

(3)For the purposes of this Chapter sections 421(2) and 421A apply for determining the amount of consideration given for anything.

(4)In this Chapter “employment-related securities” has the same meaning as in Chapter 1 of this Part (see section 421B(8)).

(5)In this Chapter—

  • “the acquisition”,

  • “the employee”,

  • “the employer”,

  • “the employment”, and

  • “employment-related securities option”,

  • have the meaning indicated in section 471(5).

(6)In this Chapter “associated person” has the meaning indicated in section 472.

(7)In this Chapter—

  • “secondary Class 1 contributions” has the same meaning as in the Contributions and Benefits Act (see section 1 of that Act), and

  • “the Contributions and Benefits Act” means SSCBA 1992 or SSCB(NI)A 1992.]

Textual Amendments

F1Pt. 7 Ch. 5 substituted (16.4.2003 for specified purposes and otherwise 1.9.2003 with effect in accordance with Sch. 22 para. 10(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 10(1); S.I. 2003/1997, art. 2