http://www.legislation.gov.uk/ukpga/2003/1/schedule/2/part/7/crossheading/general-requirements-for-matching-shares/2006-07-19
Income Tax (Earnings and Pensions) Act 2003
An Act to restate, with minor changes, certain enactments relating to income tax on employment income, pension income and social security income; and for connected purposes.
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Statute Law Database
2024-05-20
Expert Participation
2006-07-19
Income Tax (Earnings and Pensions) Act 2003
s. 452(2)(aa)
Finance Act 2013
Sch. 23
para. 11
Sch. 23
para. 38
art. 2
Income Tax (Earnings and Pensions) Act 2003
s. 707A
Finance Act 2024
s. 36(4)
s. 36(5)
SCHEDULES
SCHEDULE 2Approved share incentive plans
Part 7Matching shares
General requirements for matching shares
59
1
The plan must provide for the matching shares to be—
a
shares of the same class and carrying the same rights as the partnership shares to which they relate;
b
awarded on the same day as the partnership shares to which they relate are awarded; and
c
awarded to all employees who participate in the award on exactly the same basis.
2
Sub-paragraph (1) is subject to paragraph 32 (permitted restrictions: provision for forfeiture).