SCHEDULES
SCHEDULE 2Tax advantaged employee share schemes
PART 6Share incentive plans: dividend shares
Amounts to be carried forward
90
1
Paragraph 68 (reinvestment: amounts to be carried forward) is amended as follows.
2
In sub-paragraph (4)—
a
omit paragraph (a) and the “or” after it, and
b
in paragraphs (b) and (c) omit “during that period”.
3
Omit sub-paragraph (6).
4
The amendments made by this paragraph have effect in relation to amounts held by trustees on or after 6 April 2013 (including amounts originally retained before that date in relation to which an event falling within paragraph 68(4)(a) to (c) of Schedule 2 to ITEPA 2003 did not occur before that date).
5
A SIP approved before 6 April 2013 has effect accordingly with the omission of any provision falling within a provision of Schedule 2 to ITEPA 2003 omitted by this paragraph.