SCHEDULES

SCHEDULE 23Corporation tax relief for employee share acquisition

Part 5Supplementary provisions

Meaning of “employment”

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For the purposes of this Schedule—

F1(za)

“employment” includes a former or prospective employment,

(a)

references to employment by a company include holding an office with that company, and related expressions have a corresponding meaning, and

(b)

members of a company whose affairs are managed by the members themselves are treated as holding an office with the company.