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

Part 3 Employment income: earnings and benefits etc. treated as earnings

Chapter 8 Taxable benefits: notional loans in respect of acquisitions of shares

Supplementary provisions

196 Effects on other income tax charges

Nothing in this Chapter affects any liability to income tax arising in respect of the acquisition by virtue of—

(a) Chapter 1 of this Part (earnings), or

(b) section 476 or 477 (charge on employee on exercise etc. of option by employee or another person).