Income Tax (Earnings and Pensions) Act 2003 Schedule 2 paragraph 8

All-employee nature of plan

Schedule 2 paragraph 8 sets out the requirement that a Share Incentive Plan (SIP) must be open to all eligible employees on an equal basis, ensuring the plan is genuinely "all-employee" in nature.

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.