SCHEDULES

SCHEDULE 8Employee share schemes

PART 2SAYE option schemes

141Other amendments: ITEPA 2003, Part 4 of FA 2004, ITTOIA 2005 and CTA 2009

1

Section 703 of ITTOIA 2005 (SAYE interest: meaning of “certified SAYE savings arrangement”) is amended as follows.

2

In subsection (2)(b) for “an approved” substitute “a Schedule 3”.

3

In subsection (3) for the definition of “SAYE option scheme” substitute—

  • “Schedule 3 SAYE option scheme” has the meaning given in Schedule 3 to ITEPA 2003.