[698 PAYE: special charges on employment-related securities]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[698  PAYE: special charges on employment-related securities]

[(1)     This section applies where by reason of the operation of—

(a)     section 426 (chargeable events in relation to restricted securities and restricted interests in securities),

(b)     section 438 (chargeable events in relation to convertible securities and interests in convertible securities),

(c)     section 446B (charge on acquisition where market value of securities or interest artificially depressed),

(d)     section 446L (charge where market value of securities artificially enhanced),

(e)     section 446U (securities or interest acquired for less than market value: charge on discharge of notional loan),

[(ea)     section 446UA (securities or interest acquired for less than market value: charge in avoidance cases),]

(f)     section 446Y (charge where securities or interest disposed of for more than market value), or

(g)     section 447 (chargeable benefit from securities or interest),

in relation to employment-related securities, an amount counts as employment income of an employee.

(2)     Sections 684 to 691 and 696 have effect as if—

(a)

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