# Income and Corporation Taxes Act 1988, Paragraph 15

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

If the scheme is a replacement scheme (within the meaning of paragraph 10 above), it must provide for the distributable pool for a profit period to be equal to a specified percentage of the profits for the period.

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Source: https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/15 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-8/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.