Section 50 — Finance Act 2014: Share incentive plans: power to adjust maximum annual awards etc
Text of the provision Official document
Share incentive plans: power to adjust maximum annual awards etc 50 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.
Official source: legislation.gov.uk
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