Paragraph 618

(1)

Amend Schedule 3 (approved SAYE option schemes) as follows.

(2)

In paragraph 1(3) for “savings scheme” substitute “ savings arrangement ”.

(3)

In paragraph 2(1)(b) for “savings schemes” substitute “ savings arrangements ”.

(4)

In paragraph 14(3), for “Chapter 1A of Part 15 of ICTA (see section 660G(1) and (2))” substitute “ Chapter 5 of Part 5 of ITTOIA 2005 (see section 620 of that Act) ”.

(5)

In paragraph 23—

(a)

in the heading (including the Part heading), for “scheme” substitute “ arrangement ”, and

(b)

for “savings schemes”, in both places where it occurs, substitute “ savings arrangements ”.

(6)

In paragraph 24(1)—

(a)

in the heading, for “schemes” substitute “ arrangements ”,

(b)

for “CCS scheme” substitute “ certified SAYE savings arrangement ”, and

(c)

for “(“the CCS scheme”)” substitute “ (“the approved savings arrangement”) ”.

(7)

Omit paragraph 24(2).

(8)

In paragraph 25—

(a)

in the heading, for “schemes” substitute “ arrangements ”,

(b)

in sub-paragraph (1), for “CCS scheme” substitute “ the approved savings arrangement ”, and

(c)

in sub-paragraph (3)(a), for “CCS schemes linked to approved SAYE option schemes” substitute “ certified SAYE savings arrangements linked to approved SAYE option schemes ”.

(9)

In paragraph 26—

(a)

in the heading, for “scheme” substitute “ arrangement ”,

(b)

in sub-paragraph (1), for “CCS scheme” substitute “ certified SAYE savings arrangement ”, and

(c)

in sub-paragraph (2), for “scheme” substitute “ arrangement ”.

(10)

In paragraph 30(3), for “the CCS scheme” substitute “ the approved savings arrangement ”.

(11)

In paragraph 48(1)—

(a)

for “certified contractual savings scheme” substitute “ certified SAYE savings arrangement ”, and

(b)

for “section 326(2) to (6) of ICTA” substitute “ section 703(1) of ITTOIA 2005 ”.

(12)

In paragraph 49, for “certified contractual savings scheme (CCS scheme)” substitute “ certified SAYE savings arrangement ”.