# The Income Tax (Limits for Enterprise Management Incentives) Order 2008

S.I. 2008/706 · made 12 March 2008

This Order increases the limits specified in paragraphs 5(1)(a) and 6(1) and (3) of Schedule 5 to the Income Tax (Earnings and Pensions) Act 2003(c. 1) from £100,000 to £120,000. It also increases the limit in section 536(1)(e) in consequence of those changes.

Made under: Income Tax (Earnings and Pensions) Act 2003 (Schedule 5 paragraph 54)

PDFs: Printed copy https://openlegislation.uk/income-tax-limits-for-enterprise-management-incentives-order-2008/pdf/uksi_20080706_en.pdf; Explanatory Memorandum https://openlegislation.uk/income-tax-limits-for-enterprise-management-incentives-order-2008/pdf/uksiem_20080706_en.pdf

## Introductory text

Income Tax
Made 12th March 2008
Laid before the House of Commons 13th March 2008
Coming into force 6th April 2008
The Treasury make the following Order in exercise of the powers conferred upon them by paragraph 54(1)(b)(i) and (2) of Schedule 5 to the Income Tax (Earnings and Pensions) Act 2003.

## 1 Citation and commencement

This Order may be cited as the Income Tax (Limits for Enterprise Management Incentives) Order 2008 and shall come into force on 6th April 2008.

## 2 Increase in limits for enterprise management incentives

(1) The EMI code in the Income Tax (Earnings and Pensions) Act 2003 is amended as follows.
(2) For the sums specified in—
(a) paragraph 5(1)(a) of Schedule 5;
(b) paragraph 6(1) and (3) of that Schedule, and
(c) section 536(1)(e),
the sum of £120,000 is substituted.

## Signature

Dave Watts
Alan Campbell
Two of the Lords Commissioners for Her Majesty’s Treasury
12th March 2008

## Explanatory note

(This note is not part of the Order)
This Order increases the limits specified in paragraphs 5(1)(a) and 6(1) and (3) of Schedule 5 to the Income Tax (Earnings and Pensions) Act 2003(c. 1) from £100,000 to £120,000. It also increases the limit in section 536(1)(e) in consequence of those changes.
No impact assessment has been produced in relation to this instrument because no impact on the private or voluntary sectors is foreseen.

---
Source: https://www.legislation.gov.uk/uksi/2008/706 (the official version)
Page: https://openlegislation.uk/income-tax-limits-for-enterprise-management-incentives-order-2008
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.