{
  "url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-2/paragraph-100",
  "json_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-2/paragraph-100.json",
  "legislation": "ukpga/2003/1",
  "legislation_title": "Income Tax (Earnings and Pensions) Act 2003",
  "legislation_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003",
  "path": "schedule/2/paragraph/100",
  "kind": "paragraph",
  "number": "100",
  "heading": null,
  "text": "In the SIP code the following expressions are defined or otherwise explained by the provisions indicated below:\naccumulation period\nparagraph 51\n. . .\n. . .\narticles of association\nparagraph 99(1)\nassociated company\nparagraph 94 (and see paragraph 29(3))\naward of shares\nparagraph 5(1)\n. . .\n. . .\nbuilding society\nsection 989 of ITA 2007\nceasing to be in relevant employment (in relation to a participant)\nparagraph 95\nceasing to be subject to plan (in relation to shares)\nparagraph 97\nchild\nsection 721(6)\nclose company\nsection 989 of ITA 2007 ...\ncompany\nparagraph 99(1)\nthe company (in relation to a SIP)\nparagraph 2(2)\ncompany reconstruction (in Part 11 of this Schedule)\nparagraph 86(1)\nconnected person\nsection 718\nconsortium (member of)\nparagraph 99(3)\nconstituent company\nparagraph 4(3)\ncontrol\nsection 719 (and see paragraphs 29(5), 37(6) and 94(3))\ndistribution\nsection 989 of ITA 2007\ndividend shares\nparagraph 62(3)(b)\nearnings\nsection 62 and see section 721(7)\neligible shares (in Part 4 of this Schedule)\nparagraph 25(2)\nemployee, employed, employer and employment\nsection 4\nthe employment requirement\nparagraph 15(3)\nforfeiture, provision for\nparagraph 99(1)\nfree shares\nparagraph 2(1)(a)\ngroup company\nparagraph 99(1)\ngroup of companies\nparagraph 99(1)\ngroup plan\nparagraph 4(2)\nholding period\nparagraph 36 (and see paragraph 67)\n. . .\nmarket value (of shares)\nparagraph 92\nmatching shares\nparagraph 3(1)\nnotice (except in paragraph 54 or 55)\nsection 989 of ITA 2007\nordinary share capital\nsection 989 of ITA 2007\nparent company\nparagraph 4(1)\nparticipant (in relation to a SIP)\nparagraph 5(4)\nparticipant’s plan shares\nparagraph 99(1) (and see paragraph 87(1))\nparticipation in an award of shares\nparagraph 5(3)\npartnership share agreement\nparagraph 44\npartnership share money\nparagraph 45(2)\npartnership shares\nparagraph 2(1)(b)\nPAYE deduction\nsection 488(4)\nPAYE obligations\nparagraph 99(1)\nPAYE regulations\nsection 684(8)\nperformance allowances\nparagraph 34(4)\npersonal representatives\nsection 989 of ITA 2007\nplan requirements (in relation to a SIP)\nparagraph 2(2)\nplan shares (in relation to a SIP)\nparagraph 99(1) (and see paragraphs 86 to 88)\nthe plan trust\nparagraph 71(3)\nprovision for forfeiture\nparagraph 99(1)\nqualifying corporate bond\nparagraph 99(1)\nqualifying employee\nparagraph 8(6)\nrecognised stock exchange\nsection 1005 of ITA 2007\nredundancy\nparagraph 99(1)\nreinvestment\nparagraph 62(3)(a)\nrelevant employment\nparagraph 95(2)\nrestriction (in relation to shares)\nparagraph 99(4)\nrights arising under a rights issue\nparagraph 99(1)\nsalary\nparagraph 43(4)\nshare incentive plan (“SIP”)\nsection 488(4)\nSchedule 2 SIP\nparagraph 1 and Part 10 of this Schedule\nshares\nparagraph 99(2) (and in the context of a new holding, paragraph 87(6))\nthe SIP code\nsection 488(3)\n. . .\n. . .\n. . .\n. . .\ntax\nsection 989 of ITA 2007\ntribunal\nsection 989 of ITA 2007\ntax year\nsection 4(2) of ITA 2007 (as applied by section 989 of that Act)\nthe trustees\nparagraphs 2(2), 71(1)\nthe trust instrument\nparagraph 71(3)\nwithdrawal of shares from plan\nparagraph 96(1)",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 2 para. 100 Table omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 32(a), 89 (with Sch. 8 paras. 90-96)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. 2 para. 100 entry repealed (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 121(e), Sch. 5; S.I. 2005/1126, art. 2(2)(h)(i)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. 2 para. 100 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 447(3)(a) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in Sch. 2 para. 100 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 447(3)(b) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in Sch. 2 para. 100 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 447(3)(c) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in Sch. 2 para. 100 Table omitted (with effect in accordance with Sch. 2 para. 38 of the amending Act) by virtue of Finance Act 2013 (c. 29), Sch. 2 para. 37"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in Sch. 2 para. 100 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 447(3)(d) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Words in Sch. 2 para. 100 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 447(3)(e) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Words in Sch. 2 para. 100 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 447(3)(f) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Words in Sch. 2 para. 100 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 447(3)(g) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F11",
      "text": "Words in Sch. 2 para. 100 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 447(3)(h) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F12",
      "text": "Words in Sch. 2 para. 100 Table inserted (with effect in accordance with Sch. 2 para. 58 of the amending Act) by Finance Act 2013 (c. 29), Sch. 2 para. 57"
    },
    {
      "type": "F",
      "label": "F13",
      "text": "Words in Sch. 2 para. 100 Table inserted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 32(b), 89 (with Sch. 8 paras. 90-96)"
    },
    {
      "type": "F",
      "label": "F14",
      "text": "Words in Sch. 2 para. 100 Table omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 343(2)"
    },
    {
      "type": "F",
      "label": "F15",
      "text": "Words in Sch. 2 para. 100 Table omitted (17.7.2013) by virtue of Finance Act 2013 (c. 29), Sch. 2 para. 6 (with Sch. 2 para. 17)"
    },
    {
      "type": "F",
      "label": "F16",
      "text": "Words in Sch. 2 para. 100 substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 396(8) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F17",
      "text": "Words in Sch. 2 para. 100 Table inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 343(3)"
    },
    {
      "type": "F",
      "label": "F18",
      "text": "Words in Sch. 2 para. 100 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 447(3)(j) (with Sch. 2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/100",
    "retrieved_at": "2026-10-29T09:18:42.395488+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}