# Finance Act 2013, Paragraph 33


(1) At the end of Chapter 6 of Part 12 insert—
“Employee shareholder shares
1038B For the purposes of this Part, any payment treated as made under section 226B of ITEPA 2003 (employee treated as paying £2000 for employee shareholder shares) in respect of the acquisition of shares is to be ignored when determining—
(a) whether a person is subject to a charge to tax under that Act,
(b) the amount that counts (or would have counted) as employment income under that Act, or
(c) the consideration given by a person in relation to the acquisition of the shares.”
(2) Accordingly, in the heading for that Chapter, at the end insert “ ETC ”.

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Source: https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/33 (the official version)
Page: https://openlegislation.uk/finance-act-2013/schedule-23/paragraph-33
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.