SCHEDULES
SCHEDULE 2Tax advantaged employee share schemes
PART 6Share incentive plans: dividend shares
Removal of limit on amount reinvested
87
In paragraph 63 (requirements to be met as regards cash dividends) in sub-paragraph (1) omit the entry for paragraph 64.
88
Omit paragraph 64 (limit on amount reinvested).
89
1
The amendments made by paragraphs 87 and 88 above have effect in relation to the tax year 2013-14 and subsequent tax years.
2
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 paragraph 88 above.