Paragraph 2
United Kingdom
(1)
An employee share ownership plan established by a company that controls other companies (a “parent company”) may extend to all or any of those other companies.
In this Schedule a plan established by a parent company which so extends is referred to as a “group plan".
(2)
In relation to a group plan a “participating company” means the parent company or any other company to which for the time being the plan is expressed to extend.
Notes on Schedule 8
Textual amendments
- F1
Sch. 8 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)