PART 1Income tax, corporation tax and capital gains tax
CHAPTER 4Other provisions
Employee share schemes
50Share incentive plans: power to adjust maximum annual awards etc
(1)
Schedule 2 to ITEPA 2003 (share incentive plans) is amended as follows.
(2)
In paragraph 35 (free shares: maximum annual award) after sub-paragraph (2) insert—
“(2A)
The Treasury may by order amend sub-paragraph (1) by substituting for any amount for the time being specified there an amount specified in the order.”
(3)
In paragraph 46 (partnership shares: maximum amount of deductions from employee's salary) after sub-paragraph (5) insert—
“(6)
The Treasury may by order amend sub-paragraph (1) by substituting for any amount for the time being specified there an amount specified in the order.”
(4)
In paragraph 60 (matching shares: maximum ratio of matching shares to partnership shares) after sub-paragraph (3) insert—
“(4)
The Treasury may by order amend sub-paragraph (2) by substituting for any ratio for the time being specified there a ratio specified in the order.”