Regulation 14 Amendment of the principal Regulations

Amend Schedule 4 (provisions derived from the Income Tax Acts and the Income Tax (Employments) Regulations 1993) as follows.

In paragraph 7(5A)(b) ^f1 for “shares” substitute “securities”.

In the heading preceding paragraph 23(additional return by employer at end of year where liability transferred to employed earner: share option gains) for “share option gains” substitute “gains from securities options”.

In paragraph 23(2) for “92 days” substitute “7th July”.