{
  "url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-5/paragraph-59",
  "json_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-5/paragraph-59.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/59",
  "kind": "paragraph",
  "number": "59",
  "heading": null,
  "text": "In the EMI code the following expressions are defined or otherwise explained by the provisions indicated below:\nthe appropriate time\nparagraph 1(4)\narrangements\nparagraph 58(1)\nchild\nsection 721(6)\nclose company\nsection 989 of ITA 2007, (and see paragraph 29(4))\nclosure notice\nparagraph 47(4)\ncompany\nparagraph 58\ncompany reorganisation (in Part 6 of this Schedule)\nparagraph 39(2)\nconnected person\nsection 718\ncontrol\nsection 719 (and see paragraphs 10(2) and 23(6))\ndisqualifying event\nsee sections 532 to 539\ndistribution\nsection 989 of ITA 2007\nearnings\nsection 62 and see section 721(7)\nthe EMI code\nsection 527(3)\nemployee and employment\nsection 4\neligible employee\nparagraph 24\nemployer company\nparagraph 2\nexcluded activities\nparagraph 16\nfarming\nsection 996 of ITA 2007\n. . .\n. . .\ngenerally accepted accounting practice\nsection 997 of ITA 2007\ngroup of companies\nparagraph 58\nthe group\nparagraph 58\n. . .\n...\nmarket value\nparagraph 55 (and see paragraph 5(7))\nmet (in Part 7 of this Schedule)\nparagraph 44(7)\nnew option\nparagraph 41(7)\nnotice\nsection 989 of ITA 2007\noffshore installation\nsections 1001 and 1002 of ITA 2007\nold option\nparagraph 41(7)\nordinary share capital\nsection 989 of ITA 2007\noriginal option\nsection 529(3)\nparent company\nparagraph 58\npersonal representative\nsection 989 of ITA 2007\nqualifying company\nparagraph 8\nqualifying option\nsection 527(4) (and see paragraph 41(5))\nqualifying subsidiary\nparagraph 11\nqualifying trade\nparagraph 15\nrelevant company\nparagraph 2\nreplacement option\nsection 527(4)\nthe requirements of this Schedule\nsection 527(4)\nresearch and development\nparagraph 58\nshare option\nsection 527(4)\nshares\nparagraph 58 (and see paragraph 40(4)(a))\nsingle company\nparagraph 58\n. . .\n. . .\n51% subsidiary\nsection 989 of ITA 2007\ntax\nsection 989 of ITA 2007\ntax year\nsection 4(2) of ITA 2007 (as applied by section 989 of that Act)\ntrade\nsection 989 of ITA 2007\ntribunal\nsection 989 of ITA 2007\nUnited Kingdom\nsection 1013 of ITA 2007",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 5 para. 59 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 450(4)(a) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 5 para. 59 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 450(4)(b) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. 5 para. 59 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 450(4)(c) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in Sch. 5 para. 59 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 450(4)(d) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Sch. 5 para. 59 Table entry 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. 357(2)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in Sch. 5 para. 59 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 450(4)(e) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in Sch. 5 para. 59 repealed (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 124(f), Sch. 5; S.I. 2005/1126, art. 2(2)(h)(i)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Words in Sch. 5 para. 59 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 450(4)(f) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Words in Sch. 5 para. 59 inserted (with effect in accordance with Sch. 27 para. 17(6)(7) of the amending Act) by Finance Act 2004 (c. 12), Sch. 27 para. 17(5)"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Words in Sch. 5 para. 59 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 450(4)(g) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F11",
      "text": "Words in Sch. 5 para. 59 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 450(4)(h) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F12",
      "text": "Words in Sch. 5 para. 59 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 450(4)(i) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F13",
      "text": "Sch. 5 para. 59 Table entry 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. 357(3)"
    },
    {
      "type": "F",
      "label": "F14",
      "text": "Words in Sch. 5 para. 59 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 450(4)(j) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F15",
      "text": "Words in Sch. 5 para. 59 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. 399(6) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F16",
      "text": "Words in Sch. 5 para. 59 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 450(4)(l) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F17",
      "text": "Words in Sch. 5 para. 59 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 450(4)(m) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F18",
      "text": "Words in Sch. 5 para. 59 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. 357(4)"
    },
    {
      "type": "F",
      "label": "F19",
      "text": "Words in Sch. 5 para. 59 Table substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 450(4)(n) (with Sch. 2)"
    }
  ],
  "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/59",
    "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."
}