Statute
Section 257BA — Income Tax Act 2007: The no employee investors requirement
Text of the provision Official document
The no employee investors requirement 257BA 1 Neither the investor nor an associate of the investor may, at any time during period B, be an employee of the issuing company or of any qualifying subsidiary of that company.
2 For this purpose a person is not to be treated as an employee of the issuing company, or of any qualifying subsidiary of that company, at any time when the person is a director of that company.
Official source: legislation.gov.uk
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