33(1)At the end of Chapter 6 of Part 12 insert—
For the purposes of this Part, any payment treated as made under section 226B of ITEPA 2003 (employee treated as paying £2000 for employee shareholder shares) in respect of the acquisition of shares is to be ignored when determining—
(a)whether a person is subject to a charge to tax under that Act,
(b)the amount that counts (or would have counted) as employment income under that Act, or
(c)the consideration given by a person in relation to the acquisition of the shares.”
(2)Accordingly, in the heading for that Chapter, at the end insert “ETC”.