PART 2 CONSEQUENTIAL AMENDMENTS TO PRIMARY LEGISLATION COMING INTO FORCE ON 6TH APRIL 2008

The Income Tax (Earnings and Pensions) Act 2003 (c. 1)

Approved CSOP schemes: exchange of options on company reorganisation

33.  In paragraph 26(2) of Schedule 4 for paragraph (b) substitute—

“(b) obtains control of the scheme company as a result of a compromise or arrangement sanctioned by the court under section 899 of the Companies Act 2006 (court sanction for compromise or arrangement);”.