SCHEDULES
SCHEDULE 23Employee shareholder shares
PART 3Corporation tax
23
1
Section 1009 (relief for employee share acquisitions: employee's tax position) is amended as follows.
2
In subsection (2)(a), for “earnings within Chapter 1 of Part 3 of ITEPA 2003” substitute “
relevant earnings
”
.
3
After subsection (2) insert—
2A
Relevant earnings” means—
a
earnings within Chapter 1 of Part 3 of ITEPA 2003, and
b
any amount that is treated as earnings by virtue of section 226A of that Act (employee shareholder shares).
4
After subsection (5) insert—
6
Where the shares are employee shareholder shares, this section is subject to section 1038B.