Income Tax (Earnings and Pensions) Act 2003 section 418

Other related provisions

Section 418 signposts other provisions that may apply to income arising from employment-related securities, interests in securities, and share option schemes.

• The general earnings and residual benefits-in-kind charging rules in Part 3 can also apply to securities and interests in securities, but not to the acquisition of employment-related securities options or chargeable events relating to such options.
• Special rules for internationally mobile employees in Chapter 5B of Part 2 must be read alongside this Part when dealing with employment-related securities.
• Transitional provisions in Part 7 of Schedule 7 may also be relevant when considering the tax treatment of securities and securities options.
• Legislation governing Approved Profit Sharing (APS) schemes was not rewritten into this Act because these schemes were being phased out, but the original ICTA provisions remain in force for as long as any APS schemes continue.