# Finance Act 2014, Section 50: Share incentive plans: power to adjust maximum annual awards etc


(1) Schedule 2 to ITEPA 2003 (share incentive plans) is amended as follows.
(2) In paragraph 35 (free shares: maximum annual award) after sub-paragraph (2) insert—
“(2A) The Treasury may by order amend sub-paragraph (1) by substituting for any amount for the time being specified there an amount specified in the order.”
(3) In paragraph 46 (partnership shares: maximum amount of deductions from employee's salary) after sub-paragraph (5) insert—
“(6) The Treasury may by order amend sub-paragraph (1) by substituting for any amount for the time being specified there an amount specified in the order.”
(4) In paragraph 60 (matching shares: maximum ratio of matching shares to partnership shares) after sub-paragraph (3) insert—
“(4) The Treasury may by order amend sub-paragraph (2) by substituting for any ratio for the time being specified there a ratio specified in the order.”

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Source: https://www.legislation.gov.uk/ukpga/2014/26/section/50 (the official version)
Page: https://openlegislation.uk/finance-act-2014/section-50
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.