the appropriate time

paragraph 1(4)

arrangements

paragraph 58(1)

child

section 832(5) of ICTA, (and see section 721(6) of this Act)

close company

section 832(1) of ICTA, (and see paragraph 29(4))

closure notice

paragraph 47(4)

company

paragraph 58

company reorganisation (in Part 6 of this Schedule)

paragraph 39(2)

connected person

section 718

control

section 719 (and see paragraphs 10(2) and 23(6))

disqualifying event

see sections 532 to 539

distribution

section 832(1) of ICTA

earnings

section 62 and see section 721(7)

the EMI code

section 527(3)

employee and employment

section 4

eligible employee

paragraph 24

employer company

paragraph 2

excluded activities

paragraph 16

farming

section 832(1) of ICTA

General Commissioners

section 2 of TMA 1970

generally accepted accounting practice

F1section 50(1) of the Finance Act 2004

group of companies

paragraph 58

the group

paragraph 58

the Inland Revenue

section 720(1)

market value

paragraph 55 (and see paragraph 5(7))

met (in Part 7 of this Schedule)

paragraph 44(7)

new option

paragraph 41(7)

notice

section 832(1) of ICTA

F2offshore installation

F2section 837C of ICTA

old option

paragraph 41(7)

ordinary share capital

section 832(1) of ICTA

original option

section 529(3)

parent company

paragraph 58

personal representatives

section 721(1)

qualifying company

paragraph 8

qualifying option

section 527(4) (and see paragraph 41(5))

qualifying subsidiary

paragraph 11

qualifying trade

paragraph 15

relevant company

paragraph 2

replacement option

section 527(4)

the requirements of this Schedule

section 527(4)

research and development

paragraph 58

share option

section 527(4)

shares

paragraph 58 (and see paragraph 40(4)(a))

single company

paragraph 58

Special Commissioners

section 4 of TMA 1970

51% subsidiary

section 838(1) of ICTA

tax

section 832(3) of ICTA

tax year

section 721(1)

trade

section 832(1) of ICTA

United Kingdom

section 830 of ICTA