PART 1Income tax, corporation tax and capital gains tax

CHAPTER 4Other provisions

Employee share schemes

49Share incentive plans: increases in maximum annual awards etc

1

Schedule 2 to ITEPA 2003 (share incentive plans) is amended as follows.

2

In paragraph 35(1) (free shares: maximum annual award) for “£3,000” substitute “ £3,600 ”.

3

In paragraph 46(1) (partnership shares: maximum amount of deductions from employee's salary) for “£1,500” substitute “ £1,800 ”.

4

The amendments made by this section are treated as having come into force on 6 April 2014.