SCHEDULES
SCHEDULE 8Employee share schemes
PART 3CSOP schemes
Amendments to Chapter 8 of Part 7 of ITEPA 2003
162
1
Section 524 (no charge in respect of exercise of option) is amended as follows.
2
In subsection (1)(a) for “approved” substitute “
a Schedule 4 CSOP scheme
”
.
3
In subsection (2E)—
a
in paragraph (a) for “approved” substitute “
a Schedule 4 CSOP scheme
”
,
b
in paragraphs (c), (d) and (f) after sub-paragraph (ii) omit “or” and insert—
iia
the non-UK company reorganisation arrangement, or
c
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 (2L), or
4
In subsection (2L)—
a
after “arrangement” insert “
or a non-UK company reorganisation arrangement
”
, and
b
in paragraph (b) for “an approved” substitute “
a Schedule 4
”
.