Part 1 Income and Corporation Taxes Act 1988
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

SCHEDULE 6 Consequential Amendments

Section 722

Part 1 Income and Corporation Taxes Act 1988

1

The Income and Corporation Taxes Act 1988 (c 1) is amended as follows.

2

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3

In section 4(1) (construction of references in Income Tax Acts to deduction of tax) for “in pursuance of section 203†substitute “under PAYE regulationsâ€.

4

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5

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6

Omit section 19 (Schedule E).

7

In section 21A(2) (computation of amount chargeable)—

(a)     for “sections 588 and 589†substitute “section 588â€;

(b)     for “sections 589A and 589B†substitute “section 589Aâ€;

(c)     for “1989 (deductions in respect of certain emoluments)†substitute “1989 (Schedule D: computation)â€.

8

Omit section 58 (foreign pensions).

9

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10

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11

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12

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13

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14

Omit sections 131 to 134 (miscellaneous provisions relating to the Schedule E charge).

15

Omit sections 135 to 137 (provisions relating to gains by directors and employees from share options).

16

(1)     Amend section 138 (share acquisitions by directors and employees) as follows.

(2)     In subsection (1)(b) for “Schedule E†substitute “the

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