# Corporation Tax Act 2009, Section 998: Withdrawal of deductions if share incentive plan ceases to be a Schedule 2 share incentive plan

Extent: E+W+S+N.I.

(1) This section applies if—
(a) a deduction is made by a company under section 987, 989, 991, 994 or 995 in relation to a Schedule 2 share incentive plan, and
(b) by virtue of paragraph 81H or 81I of Schedule 2 to ITEPA 2003 the plan is not to be a Schedule 2 share incentive plan.
(2) An officer of Revenue and Customs may by notice direct that the deduction is withdrawn.
(3) If a direction is made, the company is treated as receiving an amount equal to the deduction.
(4) The amount is treated as received when the direction is made.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/998 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-998
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.