{
  "url": "https://openlegislation.uk/finance-act-2000/schedule-8/paragraph-35",
  "json_url": "https://openlegislation.uk/finance-act-2000/schedule-8/paragraph-35.json",
  "legislation": "ukpga/2000/17",
  "legislation_title": "Finance Act 2000",
  "legislation_url": "https://openlegislation.uk/finance-act-2000",
  "path": "schedule/8/paragraph/35",
  "kind": "paragraph",
  "number": "35",
  "heading": null,
  "text": "(1) The plan must provide for a partnership share agreement to be given effect by deductions from the employee’s salary.\nAmounts so deducted are referred to in this Part of this Schedule as “partnership share money\".\n(2) The partnership share agreement must specify—\n(a) what amounts are to be deducted, and\n(b) at what intervals.\nThis does not prevent the employee and the company agreeing to vary those amounts or intervals.\n(3) For the purposes of sub-paragraph (2)(a) the agreement may specify a percentage of the employee’s salary.\n(4) The plan must require the employer company to calculate the amounts and intervals having regard to the provisions of paragraph 36 (maximum amount of deductions from salary).\nFor this purpose “the employer company\" is the company by reference to which the employee meets the requirement of paragraph 14 (the employment requirement) in relation to the plan.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/17/schedule/8/paragraph/35",
    "retrieved_at": "2026-10-29T09:21:00.128981+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}