Paragraph 7
United Kingdom
(1)
The purpose of the plan must be to provide benefits to employees in the nature of shares in a company which give them a continuing stake in that company.
(2)
The plan must not contain, and the operation of the plan must not involve, features which are neither essential nor reasonably incidental to that purpose.
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Sch. 8 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)