SCHEDULES
SCHEDULE 8Employee share schemes
PART 1Share incentive plans
Other amendments: Chapter 1 of Part 11 of CTA 2009
76
1
Section 987 (deduction for cost of setting up plan) is amended as follows.
2
In the heading for “an approved” substitute “
a Schedule 2
”
.
3
In subsection (1) for “approved by an officer of Revenue and Customs” substitute “
a Schedule 2 share incentive plan
”
.
4
Omit subsection (3).
5
In subsection (4) for “approval is given” (in both places) substitute “
relevant date falls
”
.
6
After subsection (4) insert—
4A
In subsection (4) “the relevant date”, in relation to a share incentive plan, has the meaning given in paragraph 81A(6) of Schedule 2 to ITEPA 2003.