Income Tax (Earnings and Pensions) Act 2003 section 554K

Exclusions: earmarking for employee share schemes (2)

Section 554K provides an exclusion from the disguised remuneration rules (Chapter 2) where shares are earmarked by a third party to satisfy awards under an employer's employee share scheme that is conditional on a specified exit event, such as a trade sale or stock exchange listing.

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.