SCHEDULE 5Enterprise management incentives
Part 8Supplementary provisions
Index of defined expressions
59
In the EMI code the following expressions are defined or otherwise explained by the provisions indicated below:
the appropriate time | paragraph 1(4) |
arrangements | paragraph 58(1) |
child | F1section 721(6) |
close company | F2section 989 of ITA 2007, (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 | F3section 989 of ITA 2007 |
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 | F4section 996 of ITA 2007 |
General Commissioners | section 2 of TMA 1970 |
generally accepted accounting practice | F5section 997 of ITA 2007 |
group of companies | paragraph 58 |
the group | paragraph 58 |
F6. . . | F6... |
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 | F7section 989 of ITA 2007 |
F8offshore installation | F9sections 1001 and 1002 of ITA 2007 |
old option | paragraph 41(7) |
ordinary share capital | F10section 989 of ITA 2007 |
original option | section 529(3) |
parent company | paragraph 58 |
personal representative | F11section 989 of ITA 2007 |
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 | F12section 989 of ITA 2007 |
tax | section 832(3) of ICTAF13(as applied by section 989 of ITA 2007) |
tax year | F14section 4(2) of ITA 2007 (as applied by section 989 of that Act) |
trade | F15section 989 of ITA 2007 |
United Kingdom | F16section 1013 of ITA 2007 |