Statutory Instruments
2018 No. 737
Income Tax
The Enterprise Management Incentives Exemptions and Reliefs (Amendment of Tax Advantages in Schedule 24 to the Finance Act 2016) Regulations 2018
Made
19th June 2018
Laid before the House of Commons
20th June 2018
Coming into force
11th July 2018
The Treasury, in exercise of the powers conferred by section 182(3) of the Finance Act 2016( 1 ), make the following Regulations:
Citation and commencement
1. These Regulations may be cited as the Enterprise Management Incentives Exemptions and Reliefs (Amendment of Tax Advantages in Schedule 24 to the Finance Act 2016) Regulations 2018 and come into force on 11th July 2018.
Amendment of the Finance Act 2016
2. Part 1 of Schedule 24 to the Finance Act 2016 (tax advantages which constitute the grant of state aid and to which section 180(2) applies) is amended as follows.
3. After the table entitled “ Research and development reliefs ” insert the following table—
“ Enterprise management incentives exemptions and reliefs
| Tax advantage | Provision under which tax advantage is given |
|---|---|
| Exemptions and reliefs in connection with share options | Chapter 9 of Part 7 of ITEPA 2003 ( 2 ) ” |
Andrew Stephenson
David Rutley
Two of the Lords Commissioners of Her Majesty’s Treasury
19th June 2018
Income Tax (Earnings and Pensions) Act 2003 (c. 1) . ITEPA 2003 is defined in section 190 of the Finance Act 2016.