Finance Act 2014 (c. 26)

SCHEDULES

SCHEDULE 8 U.K. Employee share schemes

PART 1 U.K. Share incentive plans

Other amendments: Part 9 of ITA 2007 U.K.

68 U.K. Part 9 of ITA 2007 (special rules about settlements and trusts) is amended as follows.

69 U.K. In section 462 (overview of Part) in subsection (5) for “an approved” substitute “ a Schedule 2 ”.

70 U.K. In section 479 (trustees' accumulated or discretionary income charged at special rates) in subsection (5) for “approved” substitute “ Schedule 2 ”.

71 (1) Section 488 (application of section 479 to trustees of SIP) is amended as follows. U.K.

(2) In the heading for “approved” substitute “ Schedule 2 ”.

(3) In subsection (1)—

(a) in paragraph (a) for “an approved” substitute “ a Schedule 2 ”, and

(b) in paragraph (b) omit “approved”.

72 U.K. In section 489 (“the applicable period”) in subsection (8)(a) for “approved” substitute “ Schedule 2 ”.

73 U.K. In section 490 (interpretation of Chapter 5) in subsection (1) omit “approved”.