SCHEDULES

SCHEDULE 23Employee shareholder shares

PART 1Income tax treatment of employee shareholder shares

I15

In section 428 (restricted securities: amount of charge on occurrence of chargeable event), in subsection (7), after paragraph (b) insert—

ba

any amount treated as earnings from the employee's employment under section 226A (employee shareholder shares: amount treated as earnings) in respect of the acquisition of the employment-related securities (other than an amount of exempt income),