# The Social Security (Contributions) Regulations 2001, Paragraph 5: Priority share allocations


A payment by way of an allocation of shares in priority to members of the public in respect of which no liability to income tax arises by virtue of section 542 of ITEPA 2003.

---
Source: https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/IX/paragraph/5 (the official version)
Page: https://openlegislation.uk/social-security-contributions-regulations-2001/schedule-3/part-IX/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.