# Income Tax (Trading and Other Income) Act 2005, 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 ”.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/618 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/schedule-1/paragraph-618
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.