# Finance Act 2025, Paragraph 8: Participation requirement not infringed by exclusion of directors

Extent: E+W+S+N.I.

(1) In section 312C of ITEPA 2003, after subsection (2) insert—
“(2A) The participation requirement is not infringed by reason of the exclusion of directors of the company from participating in an award.”
(2) The amendment made by this paragraph has effect in relation to qualifying bonus payments made on or after 30 October 2024.

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Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/6/paragraph/8 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-6/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.