# The Income Tax (Definition of Unit Trust Scheme) (Amendment) Regulations 2000, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend the Income Tax (Definition of Unit Trust Scheme) Regulations 1988 (S.I. 1988/267) so as to provide that an employee share ownership plan approved under Schedule 8 to the Finance Act 2000 (c. 17) is not a unit trust scheme for the purposes of section 469 of the Income and Corporation Taxes Act 1988 (c. 1) (tax treatment of unauthorised unit trusts).

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Source: https://www.legislation.gov.uk/uksi/2000/2551/note (the official version)
Page: https://openlegislation.uk/income-tax-definition-of-unit-trust-scheme-amendment-regulations-2000/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.