Finance Act 2014 (c. 26)

SCHEDULES

SCHEDULE 8 Employee share schemes

PART 2 SAYE option schemes

Other amendments: ITEPA 2003, Part 4 of FA 2004, ITTOIA 2005 and CTA 2009

137 In section 697 (PAYE: enhancing the value of an asset) in subsection (4)—

(a) in paragraph (a) omit the words from “Schedule 3” to the second “or”,

(b) after paragraph (a) insert—

“(aa) any shares acquired by the employee under a scheme which is a Schedule 3 SAYE option scheme (see Schedule 3),”, and

(c) in paragraph (b) for “such a scheme” substitute “a scheme mentioned in any of the preceding paragraphs”.