Income Tax (Earnings and Pensions) Act 2003 Schedule 4 paragraph 5

General restriction on contents of scheme

Schedule 4 paragraph 5 sets out the fundamental restriction that a Company Share Option Plan must exist solely to provide share option benefits, and must not offer any alternative forms of benefit.

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.