Part 1Income tax and corporation tax
Chapter 1Reliefs for businesses etc
Other reliefs
13Enterprise management incentives: time limits
1
Part 7 of Schedule 5 to ITEPA 2003 (enterprise management incentives: notification of options) is amended as follows.
2
In paragraph 44(1) (time within which notice of options must be given to HMRC) for “within 92 days after the date of the grant of the option” substitute “on or before 6 July following the end of the tax year in which the option was granted”
.
3
In paragraph 46(5) (time for giving of notices of enquiry)—
a
for “end of the period of 92 days” substitute “date”
;
b
for “period within” substitute “date by”
.
4
The amendments made by this section have effect in relation to share options (within the meaning of the EMI code (see paragraph 59 of Schedule 5 to ITEPA 2003)) granted on or after 6 April 2024.