Paragraph 82

In Part 4 of Schedule 2 to the Income Tax (Earnings and Pensions) Act 2003 (approved share incentive plans: types of shares that may be awarded) paragraph 28 is amended as follows.

In sub-paragraph (4) for “a registered industrial and provident society which is a co-operative society” substitute “ a registered co-operative society ”.

For sub-paragraph (5) substitute—

“(5)

In sub-paragraph (4) “registered co-operative society” means—

(a)

a society registered as a co-operative society under the Co-operative and Community Benefit Societies Act 2014,

(b)

a pre-commencement society (within the meaning of that Act) that is a co-operative society within the meaning of section 2 of that Act, F1...

(c)

a society registered or deemed to be registered under the Industrial and Provident Societies Act (Northern Ireland) 1969 that is a co-operative society within the meaning of section 1 of that Act

F2, or

(d)

an SCE formed in accordance with Council Regulation ( EC ) No 1435/2003 on the Statute for a European Cooperative Society. ”

y