Paragraph 142

(1)

Section 999 of CTA 2009 (deduction for costs of setting up SAYE option scheme etc) is amended as follows.

(2)

In subsection (1)—

(a)

in paragraph (a) omit “that is approved by an officer of Revenue and Customs”, and

(b)

omit paragraph (b) and the “and” before it.

(3)

In subsection (2)—

(a)

at the beginning of paragraph (a) insert “ Schedule 3 ”,

(b)

at the beginning of paragraph (b) insert “ Schedule 4 ”, and

(c)

omit the final sentence.

(4)

In subsection (6) for “approval is given” (in all places) substitute “ relevant date falls ”.

(5)

After subsection (6) insert—

“(6A)
In subsection (6) “the relevant date”—
(a)
in relation to a Schedule 3 SAYE option scheme, has the meaning given in paragraph 40A(6) of Schedule 3 to ITEPA 2003, and
(b)
in relation to a Schedule 4 CSOP scheme, has the meaning given in paragraph 28A(6) of Schedule 4 to ITEPA 2003.”