Finance Act 2014
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Change 1
50 Share incentive plans: power to adjust maximum annual awards etc
(1) Schedule 2 to ITEPA 2003 (share incentive plans) is amended as follows. (2) In paragraph 35 (free shares: maximum annual award) after sub-paragraph (2) insert— (2A) The Treasury may by order amend sub-paragraph (1) by substituting for any amount for the time being specified there an amount specified in the order. (3) In paragraph 46 (partnership shares: maximum amount of deductions from employee's salary) after sub-paragraph (5) insert— (6) The Treasury may by order amend sub-paragraph (1) by substituting for any amount for the time being specified there an amount specified in the order. (4) In paragraph 60 (matching shares: maximum ratio of matching shares to partnership shares) after sub-paragraph (3) insert— (4) The Treasury may by order amend sub-paragraph (2) by substituting for any ratio for the time being specified there a ratio specified in the order.
50 Share incentive plans: power to adjust maximum annual awards etc
(1) Schedule 2 to ITEPA 2003 (share incentive plans) is amended as follows. (2) In paragraph 35 (free shares: maximum annual award) after sub-paragraph (2) insert— (2A) The Treasury may by order amend sub-paragraph (1) by substituting for any amount for the time being specified there an amount specified in the order. (3) In paragraph 46 (partnership shares: maximum amount of deductions from employee's salary) after sub-paragraph (5) insert— (6) The Treasury may by order amend sub-paragraph (1) by substituting for any amount for the time being specified there an amount specified in the order. (4) In paragraph 60 (matching shares: maximum ratio of matching shares to partnership shares) after sub-paragraph (3) insert— (4) The Treasury may by order amend sub-paragraph (2) by substituting for any ratio for the time being specified there a ratio specified in the order.
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