SCHEDULES

SCHEDULE 2Employment income provided through third parties

Other amendments to ITEPA 2003

22

In section 446T(3) (employment-related securities acquired for less than market value: amount of notional loan)—

a

omit the “and” after paragraph (d), and

b

after paragraph (e) insert

, and

f

any amount that has counted as employment income of the employee in respect of the employment under Chapter 2 of Part 7A in relation to the employment-related securities.