Income Tax (Earnings and Pensions) Act 2003 Schedule 6 Part 2

Consequential amendments to other enactments (paragraphs 122–269)

Schedule 6 Part 2 makes consequential amendments to a wide range of other legislation to align terminology and cross-references with the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003), replacing outdated language from the Income and Corporation Taxes Act 1988 and other earlier Acts.

• Old terms such as "emoluments", "Schedule E" and "section 203 of the Taxes Act 1988" are systematically replaced with ITEPA 2003 equivalents including "general earnings", "taxable earnings", "PAYE regulations" and "PAYE income"
• Amendments cover tax administration (TMA 1970), social security contributions legislation (SSCBA 1992 and its Northern Ireland equivalent), capital gains tax (TCGA 1992), insolvency law, inheritance tax, pension schemes, education funding, and tax credits
• New capital gains tax provisions are inserted into TCGA 1992 via a new Schedule 7D covering approved share incentive plans (SIPs), SAYE option schemes, CSOP schemes and enterprise management incentives (EMIs)
• Employer remuneration deduction rules in sections 43 and 44 of the Finance Act 1989 are fully rewritten to use ITEPA 2003 terminology, whilst the nine-month payment deadline for deductibility is preserved

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