Enterprise management incentives and employee ownership trusts
1(1)In section 534 of ITEPA 2003 (disqualifying events relating to relevant company), at the end insert—
“(7)Subsection (1)(a) and (b) do not apply where the relevant company is subject to an employee-ownership trust (within the meaning of paragraph 27(4) to (6) of Schedule 2).”
(2)The amendment made by this paragraph is treated as having come into force on 1 October 2014.