# The Finance Act 2014, Schedule 9 (Employment-related Securities etc.) (Consequential etc. Amendments) Regulations 2015, Regulation 2: Amendment of ITEPA 2003


In section 431B of ITEPA 2003 (securities acquired for purpose of avoidance)—
(a) the words after “if” become paragraph (a), and
(b) at the end of that paragraph insert “, and” and then—
“(b) at the time of the acquisition, the earnings from the employment are (or would be if there were any) general earnings to which any of the charging provisions of Chapters 4 and 5 of Part 2 applies.”.

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Source: https://www.legislation.gov.uk/uksi/2015/360/regulation/2 (the official version)
Page: https://openlegislation.uk/finance-act-2014-schedule-9-employment-related-securities-etc-consequential-etc-amendments-regulations-2015/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.