Paragraph 16
(1)
Section 540 (no charge on acquisition of shares as taxable benefit) is amended as follows.
(2)
In subsection (1), omit “In its application in relation to a UK resident employee,”.
(3)
Omit subsection (2).
Section 540 (no charge on acquisition of shares as taxable benefit) is amended as follows.
In subsection (1), omit “In its application in relation to a UK resident employee,”.
Omit subsection (2).