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32. Share incentive plans (increases in maximum annual awards etc)

Volume 578: debated on Tuesday 25 March 2014



(1) Schedule 2 to the Income Tax (Earnings and Pensions) Act 2003 (share incentive plans) is amended as follows.

(2) In paragraph 35(1) (free shares: maximum annual award) for “£3,000” substitute “£3,600”.

(3) In paragraph 46(1) (partnership shares: maximum amount of deductions from employee’s salary) for “£1,500” substitute “£1,800”.

(4) The amendments made by this Resolution come into force on 6 April 2014.

And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.