Paragraph 2
United Kingdom
(1)
In section 171(4) (limit on pay of which half may be exempt from tax) for “£3,000” there shall be substituted “£4,000”.
(2)
This paragraph shall have effect in relation to profit-related pay paidby reference to profit periods beginning on or after 1st April 1989.
Notes on Schedule 4
Textual amendments
- F1
Sch. 4 repealed (19.3.1997 with effect as mentioned in Sch. 18 Pt. VI(3) notes 1, 2 of the amending Act) by 1997 c. 16, ss. 61(2)(3), 113, Sch. 18 Pt. VI(3)