396(1)Amend Schedule 2 (approved share incentive plans) as follows.U.K.
(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 ”.