{
  "url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-4/paragraph-37",
  "json_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-4/paragraph-37.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/4/paragraph/37",
  "kind": "paragraph",
  "number": "37",
  "heading": null,
  "text": "In the CSOP code the following expressions are defined or otherwise explained by the provisions indicated below:\n. . .\n. . .\nassociated company\nparagraph 35(1)\nchild\nsection 721(6)\nclose company\nsection 989 of ITA 2007, (and see paragraph 9(4))\ncompany\nparagraph 36(1)\nconnected person\nsection 718\nconstituent company\nparagraph 3(3)\ncontrol\nsection 719 (and see paragraph 35(2))\nthe CSOP code\nsection 521(3)\nCSOP scheme\nsection 521(4)\ndistribution\nsection 989 of ITA 2007\neligible shares (in Part 4 of this Schedule)\nparagraph 15(2)\nemployee and employment\nsection 4\ngroup scheme\nparagraph 3(2) (and see paragraph 34)\n. . .\n. . .\nmarket value\nparagraph 36(1)\nmember of a consortium\nparagraph 36(2)\nnon-UK company reorganisation arrangement\nparagraph 35ZA\nnotice\nsection 989 of ITA 2007\nthe options (in relation to a participant)\nparagraph 2(2)\nordinary share capital\nsection 989 of ITA 2007\nparticipant\nparagraph 2(2)\nparticipate\nparagraph 2(2)\npersonal representatives\nsection 989 of ITA 2007\nrecognised stock exchange\nsection 1005 of ITA 2007\nrestriction (in relation to shares)\nparagraph 36(3)\nSchedule 4 CSOP scheme\nparagraph 1 and Part 7 of this Schedule\nthe scheme organiser\nparagraph 2(2)\nshare option\nsection 521(4)\nshares\nsection 521(4)\ntribunal\nsection 989 of ITA 2007\n. . .\n. . .\n. . .\n. . .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 4 para. 37 omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 182(a), 204 (with Sch. 8 paras. 205-215)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 4 para. 37 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 449(a) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. 4 para. 37 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 449(b) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in Sch. 4 para. 37 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 449(c) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in Sch. 4 para. 37 repealed (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 123(f), Sch. 5; S.I. 2005/1126, art. 2(2)(h)(i)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in Sch. 4 para. 37 inserted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 182(b), 204 (with Sch. 8 paras. 205-215)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in Sch. 4 para. 37 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 449(d) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Words in Sch. 4 para. 37 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 449(e) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Words in Sch. 4 para. 37 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 449(f) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Words in Sch. 4 para. 37 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 449(g) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F11",
      "text": "Words in Sch. 4 para. 37 inserted (with effect in accordance with Sch. 2 para. 77 of the amending Act) by Finance Act 2013 (c. 29), Sch. 2 para. 76"
    },
    {
      "type": "F",
      "label": "F12",
      "text": "Words in Sch. 4 para. 37 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. 351(3)"
    },
    {
      "type": "F",
      "label": "F13",
      "text": "Words in Sch. 4 para. 37 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. 351(2)"
    },
    {
      "type": "F",
      "label": "F14",
      "text": "Words in Sch. 4 para. 37 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 449(h), Sch. 3 Pt. 1 (with Sch. 2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/1/schedule/4/paragraph/37",
    "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."
}