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Income Tax (Earnings and Pensions) Act 2003 section 554L
Exclusions: earmarking for employee share schemes (3)
Section 554L provides an exclusion from the disguised remuneration rules (Chapter 2) for shares earmarked to fulfil obligations under an employee share option scheme, provided certain conditions are met, and sets out the circumstances in which the exclusion is lost and a tax charge arises.
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