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.