Finance Act 2014 (c. 26)

PART 1 U.K. Income tax, corporation tax and capital gains tax

CHAPTER 4 U.K. Other provisions

Employee share schemes U.K.

49 Share incentive plans: increases in maximum annual awards etc U.K.

(1) Schedule 2 to ITEPA 2003 (share incentive plans) is amended as follows.

(2) In paragraph 35(1) (free shares: maximum annual award) for “£3,000” substitute “ £3,600 ”.

(3) In paragraph 46(1) (partnership shares: maximum amount of deductions from employee's salary) for “£1,500” substitute “ £1,800 ”.

(4) The amendments made by this section are treated as having come into force on 6 April 2014.