Part 1 Introduction
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

SCHEDULE 2 . . . Share Incentive Plans

Section 488

Part 1 Introduction

[Introduction to Schedule 2] share incentive plans (SIPs)

1

[(A1)     For the purposes of the SIP code a share incentive plan (a “SIP”) is a Schedule 2 SIP if the requirements of Parts 2 to 9 of this Schedule are met in relation to the SIP.]

(3)     The requirements consist of general requirements (see Part 2) and requirements as to—

the eligibility of individuals (see Part 3),

the types of shares that may be awarded (see Part 4),

free shares (see Part 5),

partnership shares (see Part 6),

matching shares (see Part 7),

cash dividends and dividend shares (see Part 8), and

the trustees (see Part 9).

[(4)     Sub-paragraph (A1) is subject to Part 10 of this Schedule which—

(a)     requires notice of a plan to be given to Her Majesty's Revenue and Customs

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