{
  "url": "https://openlegislation.uk/finance-act-2003/schedule-22/paragraph-25",
  "json_url": "https://openlegislation.uk/finance-act-2003/schedule-22/paragraph-25.json",
  "legislation": "ukpga/2003/14",
  "legislation_title": "Finance Act 2003",
  "legislation_url": "https://openlegislation.uk/finance-act-2003",
  "path": "schedule/22/paragraph/25",
  "kind": "paragraph",
  "number": "25",
  "heading": null,
  "text": "(1) Section 227(4) (employment income: exemptions) is amended as follows.\n(2) For paragraphs (a) and (b) substitute—\n“(a) section 425 (restricted securities: no charge in respect of acquisition in certain circumstances),\n(b) section 475 (no charge in respect of acquisition of securities option),”.\n(3) Omit paragraphs (d), (f) and (h).\n(4) This paragraph has effect—\n(a) so far as relating to section 425, in accordance with the provision made for the substitution of Chapter 2 of Part 7, and\n(b) otherwise, in accordance with the provision made for the substitution of Chapter 5 of Part 7.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/25",
    "retrieved_at": "2026-10-29T09:18:27.996599+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."
}