Income Tax (Earnings and Pensions) Act 2003 section 45

Deductions from salary

Section 45 sets out how partnership share agreements under a Share Incentive Plan (SIP) must operate through salary deductions, including what must be specified in the agreement and how deduction amounts and intervals are determined.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.