# Income Tax Act 2007, Section 257BA: The no employee investors requirement


(1) Neither the investor nor an associate of the investor may, at any time during period B, be an employee of the issuing company or of any qualifying subsidiary of that company.
(2) For this purpose a person is not to be treated as an employee of the issuing company, or of any qualifying subsidiary of that company, at any time when the person is a director of that company.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/257BA (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-257BA
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.