101(1)Section 519 (no charge in respect of exercise of option) is amended as follows.
(2)In subsection (1)(a) for “approved” substitute “a Schedule 3 SAYE option scheme”.
(3)In subsection (3A)—
(a)in paragraph (a) for “approved” substitute “a Schedule 3 SAYE option scheme”,
(b)in paragraph (b)(i) for “or (4)” substitute “, (4) or (4A)”,
(c)in paragraphs (c), (d) and (f) after sub-paragraph (ii) omit “or” and insert—
“(iia)the non-UK company reorganisation arrangement, or”, and
(d)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 (3H), or”.
(4)In subsection (3H)—
(a)after “arrangement” insert “or a non-UK company reorganisation arrangement”, and
(b)in paragraph (b) for “an approved” substitute “a Schedule 3”.
(5)In subsection (5)(b)—
(a)for “paragraph 42(3) provides” substitute “paragraphs 40H(4) and 40I(9) provide”,
(b)for “approved” substitute “a Schedule 3 SAYE option scheme”, and
(c)for “approval of the scheme has been previously withdrawn” substitute “the scheme is not a Schedule 3 SAYE option scheme”.