SCHEDULES

SCHEDULE 23Corporation tax relief for employee share acquisition

Part 1General provisions

Requirements for relief

2

Relief under this Schedule is available only if the requirements of this Schedule are met as to—

a

the business for the purposes of which the award or grant is made (paragraph 3);

b

the kind of shares acquired (paragraph 4);

c

the company whose shares are acquired (paragraph 6 or 12); and

d

the income tax position of the employee (paragraph 7, 14 or 20).