Schedules

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Income Tax (Earnings and Pensions) Act 2003

396

1

Amend Schedule 2 (approved share incentive plans) as follows.

2

In paragraph 20(4)—

a

in the definition of “close company”—

i

for “section 414(1)(a) of ICTA” substitute “ section 442(a) of CTA 2010 ”, and

ii

for “section 415 of ICTA” substitute “ sections 446 and 447 of CTA 2010 ”, and

b

in the definition of “participator” for “section 417(1) of ICTA” substitute “ section 454 of CTA 2010 ”.

3

In paragraph 29(5) for “section 416(2) to (6) of ICTA” substitute “ sections 450 and 451 of CTA 2010 ”.

4

In paragraph 37(6) for “section 416 of ICTA” substitute “ sections 450 and 451 of CTA 2010 ”.

5

In paragraph 80(4)—

a

for the words from the beginning to “applies” substitute “ Sections 1105 to 1108 of CTA 2010 (information relating to distributions to be provided by nominee) apply ”, and

b

for “section 234A(4)(b)” substitute “ section 1105(1)(b) of that Act ”.

6

In paragraph 86(4)—

a

in paragraph (a) for “section 209(2)(c) of ICTA” substitute “ paragraph C or D in section 1000(1) of CTA 2010 ”,

b

in paragraph (b) for “section 210(1) of ICTA” substitute “ section 1022(3) of CTA 2010 ”, and

c

in paragraph (c) for the words from “section 249” to the end substitute “ section 410 of ITTOIA 2005 (stock dividends) applies that is issued in a case where subsection (2) or (3) of that section applies. ”

7

In paragraph 94(3) for “section 416(2) to (6) of ICTA” substitute “ sections 450 and 451 of CTA 2010 ”.

8

In paragraph 100 in the entry for “tax”, in the second column, for “section 832(3) of ICTA (as applied by section 989 of ITA 2007)” substitute “ section 989 of ITA 2007 ”.