{
  "url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-5/paragraph-28",
  "json_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-5/paragraph-28.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/5/paragraph/28",
  "kind": "paragraph",
  "number": "28",
  "heading": null,
  "text": "(1) An individual is not an eligible employee in relation to the relevant company if the individual has a material interest—\n(a) in that company, or\n(b) if that company is a parent company, in any member of the group.\n(2) For the purposes of this paragraph an individual is to be regarded as having a material interest in a company if—\n(a) the individual,\n(b) the individual together with one or more of the individual’s associates, or\n(c) any such associate, with or without any other such associates,\nhas a material interest in the company.\n(3) This paragraph is supplemented—\n(a) as regards the meaning of “material interest”, by paragraphs 29 and 30; and\n(b) as regards the meaning of “associate” by paragraph 31 (read with paragraphs 32 and 33).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "words substituted",
      "affecting": "ukpga/2025/36",
      "affecting_title": "Employment Rights Act 2025"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/1/schedule/5/paragraph/28",
    "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."
}