101(1)Section 519 (no charge in respect of exercise of option) is amended as follows.U.K.
(2)In subsection (1)(a) for “approved” substitute “ a Schedule 3 SAYE option scheme ”.
(3)In subsection (3A)—
(a)in paragraph (a) for “approved” substitute “ a Schedule 3 SAYE option scheme ”,
(b)in paragraph (b)(i) for “or (4)” substitute “ , (4) or (4A) ”,
(c)in paragraphs (c), (d) and (f) after sub-paragraph (ii) omit “or” and insert—
“(iia)the non-UK company reorganisation arrangement, or”, and
(d)in paragraph (e) after sub-paragraph (ii) omit “or” and insert—
“(iia)the making of any non-UK company reorganisation arrangement which would fall within subsection (3H), or”.
(4)In subsection (3H)—
(a)after “arrangement” insert “ or a non-UK company reorganisation arrangement ”, and
(b)in paragraph (b) for “an approved” substitute “ a Schedule 3 ”.
(5)In subsection (5)(b)—
(a)for “paragraph 42(3) provides” substitute “ paragraphs 40H(4) and 40I(9) provide ”,
(b)for “approved” substitute “ a Schedule 3 SAYE option scheme ”, and
(c)for “approval of the scheme has been previously withdrawn” substitute “ the scheme is not a Schedule 3 SAYE option scheme ”.