SCHEDULES

SCHEDULE 37U.K.Companies owned by employee-ownership trusts

PART 4U.K.Miscellaneous amendments

Income Tax (Earnings and Pensions) Act 2003U.K.

21(1)In paragraph 17 of Schedule 4 to ITEPA 2003 (CSOP schemes: requirements as to eligible shares), in sub-paragraph (1), omit the β€œor” after paragraph (a) and after paragraph (b) insert β€œ, or U.K.

(ba)shares in a company which is subject to an employee-ownership trust (within the meaning of paragraph 27(4) to (6) of Schedule 2).”

(2)The amendment made by this paragraph come into force on 1 October 2014.