# Finance Act 2000, Paragraph 33

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

In applying paragraph 31 (meaning of “material interest”) there shall be disregarded—
(a) the interest of the trustees of—
(i) any profit-sharing scheme approved under Schedule 9 to the Taxes Act 1988, or
(ii) any employee share ownership plan approved under Schedule 8 to this Act,
in any shares which are held by them in accordance with the scheme or plan but which have not been appropriated to, or acquired on behalf of, an individual; and
(b) any rights exercisable by those trustees by virtue of any such interest.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/33 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-14/paragraph-33
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.