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Income and Corporation Taxes Act 1988
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- UK Public General Acts
- 1988 c. 1
- SCHEDULE 8
- Payment from distributable pool...
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Payment from distributable pool etc.
16The scheme must provide for the whole of the distributable pool to be paid to employees in the employment unit.
17The scheme must make provision as to when payments will be made to employees.
18(1)The provisions of the scheme must be such that employees participate in the scheme on similar terms.
(2)For the purposes of sub-paragraph (1) above, the fact that the payments to employees vary according to the levels of their remuneration, the length of their service or similar factors shall not be regarded as meaning that they do not participate on similar terms.
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