SCHEDULES
SCHEDULE 8Employee share schemes
PART 2SAYE option schemes
Other amendments: ITEPA 2003, Part 4 of FA 2004, ITTOIA 2005 and CTA 2009
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In section 701 (PAYE: meaning of “asset”) in subsection (2)(c)—
a
in sub-paragraph (i) omit “Schedule 3 (approved SAYE option schemes) or”, and
b
after sub-paragraph (i) insert—
iza
any shares acquired by the employee under a scheme which is a Schedule 3 SAYE option scheme (see Schedule 3),