# Income Tax (Earnings and Pensions) Act 2003, Paragraph 72


(1) Any reference in the SAYE code to a share option granted in accordance with the provisions of an approved SAYE option scheme is to be read as including, in relation to times before 6th April 2003, a reference to a right to acquire shares obtained in accordance with the provisions of a savings-related share option scheme approved under Schedule 9 to ICTA.
(2) Any reference in a scheme within paragraph 71(1) to a person chargeable to tax under Case I of Schedule E is to be read as including, in relation to times after 5th April 2003, a reference to a person whose earnings fall within paragraph 6(2)(c) of Schedule 3 to this Act.
(3) This paragraph—
(a) is without prejudice to Part 1 of this Schedule, and
(b) applies only in so far as the context permits.
(4) In this paragraph “savings-related share option scheme” has the same meaning as in paragraph 71.

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/7/paragraph/72 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-7/paragraph-72
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.