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Income Tax (Earningsand Pensions) Act 2003

2003 CHAPTER 1

PART 7

[F1EMPLOYMENT INCOME: INCOME AND EXEMPTIONS RELATING TO SECURITIES]

[F2CHAPTER 3C

SECURITIES ACQUIRED FOR LESS THAN MARKET VALUE

Textual AmendmentsF2 Pt. 7 Ch. 3C inserted (with effect in accordance with Sch. 22 para. 7(2) of the amending Act) by

Finance Act 2003 (c. 14), Sch. 22 para. 7(1)

446Q Application of this Chapter

(1) This Chapter applies if—(a) no payment is made for employment-related securities at or before the time

of the acquisition, or(b) the payment made for employment-related securities at or before that time is

less than their market value.

(2) For the purposes of subsection (1) any obligation to make a payment or furtherpayment after the time of the acquisition is to be disregarded.

(3) Where the employment-related securities are, or are an interest in, securities whichare not fully paid up, the reference in subsection (1) to the market value of theemployment-related securities is to what it would be if the securities were fully paidup.

2 Income Tax (Earnings and Pensions) Act 2003 (c. 1)Part 7 – Employment income: income and exemptions relating to securities

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(4) If section 425(2) (no charge on acquisition of certain restricted securities or restrictedinterests in securities) applies in relation to the employment-related securities, thisChapter has effect as if the employment-related securities were not acquired until theoccurrence of the first event which is a chargeable event for the purposes of section 426in relation to the employment-related securities.

(5) This section is subject to section 446R (case outside this Chapter).

446R Case outside this Chapter

(1) This Chapter does not apply if—(a) the employment-related securities are shares (or an interest in shares) in a

company of a class,(b) all the company’s shares of the class are acquired either for no payment or for

a payment less than their market value,[

F3(ba)subsection (1A) is satisfied,] and

(c) subsection (3) or (4) is satisfied.

[F4(1A) This subsection is satisfied unless something which affects the employment-relatedsecurities has been done (at or before the time of the acquisition) as part of a scheme orarrangement the main purpose (or one of the main purposes) of which is the avoidanceof tax or national insurance contributions.]

(2) Where the company’s shares of the class are not fully paid up, the reference insubsection (1) to their market value is to what it would be if they were fully paid up.

(3) This subsection is satisfied if, at the time of the acquisition of the employment-relatedsecurities, the company is employee-controlled by virtue of holdings of shares of theclass.

(4) This subsection is satisfied if, at that time, the majority of the company’s shares of theclass are not [F5employment-related securities.]

F6(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual AmendmentsF3 S. 446R(1)(ba) inserted (retrospective to 7.5.2004) by Finance Act 2004 (c. 12), ss. 86(2)(c)(3)(8),

86(1)F4 S. 446R(1A) substituted (with effect in accordance with Sch. 2 para. 13(2) of the amending Act) by

Finance (No. 2) Act 2005 (c. 22), Sch. 2 para. 13F5 Words in s. 446R(4) substituted (retrospective to 7.5.2004) by Finance Act 2004 (c. 12), ss. 86(2)(c)(5)

(8), 86(1)F6 S. 446R(5) repealed (with effect in accordance with s. 86(8) of the amending Act) by Finance Act

2004 (c. 12), Sch. 42 Pt. 2(11)

446S Notional loan

(1) Where this Chapter applies an interest-free loan (“the notional loan”) is to be treatedas having been made to the employee by the employer at the time of the acquisition.

Income Tax (Earnings and Pensions) Act 2003 (c. 1)Part 7 – Employment income: income and exemptions relating to securitiesChapter 3C – Securities acquired for less than market valueDocument Generated: 2020-04-13

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(2) The provisions listed in subsection (3) apply as though the notional loan werean employment-related loan as defined in section 174 if and for so long as theemployment has not terminated.

(3) The provisions are—section 175 (benefit of taxable cheap loan treated as earnings),section 178 (exception for loans where interest qualifies for tax relief),section 180 (threshold for benefit of loan to be treated as earnings),section 182 (normal method of calculation: averaging),section 183 (alternative method of calculation),section 184 (interest treated as paid),section 185 (apportionment of cash equivalent in case of joint loan etc), andsection 187 (aggregation of loans by close company to director).

[F7(4)

This section is not affected by section 554Z2(2).]

Textual AmendmentsF7 S. 446S(4) inserted (with effect in accordance with Sch . 2 para. 52-59 of the amending Act) by

Finance Act 2011 (c. 11), Sch. 2 para. 21

446T Amount of notional loan

(1) The amount of the notional loan initially outstanding is—

where—

MV is the market value of the employment-related securities at the time of theacquisition, and

DA is the total of any deductible amounts.

(2) Where the employment-related securities are, or are an interest in, securities whichare not fully paid up, the reference in subsection (1) to the market value of theemployment-related securities is to what it would be if the securities were fully paidup.

(3) For the purposes of subsection (1) each of the following is a “deductible amount”—(a) any payment made for the employment-related securities by the employee,

and any payment so made by the person by whom they were acquired (if notthe employee), at or before the time of the acquisition,

(b) any amount that constitutes earnings from the employee’s employment underChapter 1 of Part 3 (earnings) in respect of the acquisition of the employment-related securities [F8(other than an amount of exempt income)],

(c) if section 425(2) (no charge on acquisition of certain restricted securities orrestricted interests in securities) applies in relation to the employment-relatedsecurities, any amount that counts as employment income of the employee

4 Income Tax (Earnings and Pensions) Act 2003 (c. 1)Part 7 – Employment income: income and exemptions relating to securities

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under section 426 by reason of the first event which is a chargeable event forthe purposes of that section in relation to the employment-related securities,

(d) if the employment-related securities were acquired on a conversion ofother employment-related securities, any amount that counts as employmentincome of the employee under section 438 (charge on conversion) by reasonof the conversion, F9...

(e) if the acquisition is pursuant to a securities option, any amount that countedas employment income of the employee under section 476 (acquisition ofsecurities pursuant to securities option) in respect of the acquisition[F10, and

(f) any amount that has counted as employment income of the employee inrespect of the employment under Chapter 2 of Part 7A in relation to theemployment-related securities.]

(4) The amount of the notional loan outstanding at any subsequent time is the differencebetween—

(a) the amount initially outstanding, and(b) the amount of any payments or further payments made for the employment-

related securities after the acquisition but before that time.

Textual AmendmentsF8 Words in s. 446T(3)(b) inserted (with effect in accordance with s. 49(12) of the amending Act) by

Finance Act 2008 (c. 9), s. 49(5)F9 Word in s. 446T(3) omitted (with effect in accordance with Sch. 2 paras. 52-59 of the amending Act)

by virtue of Finance Act 2011 (c. 11), Sch. 2 para. 22(a)F10 S. 446T(3)(f) and word inserted (with effect in accordance with Sch . 2 para. 52-59 of the amending

Act) by Finance Act 2011 (c. 11), Sch. 2 para. 22(b)

446U Discharge of notional loan

(1) The notional loan is treated as discharged when—(a) the employment-related securities are disposed of otherwise than to an

associated person, or(b) if the employment-related securities were securities, or an interest in

securities, not fully paid up at the time of the acquisition, the outstanding orcontingent liability to pay for them is released, transferred or adjusted so asno longer to bind any associated person[F11 or

(c) something which affects the employment-related securities is done as part ofa scheme or arrangement the main purpose (or one of the main purposes) ofwhich is the avoidance of tax or national insurance contributions.]

(2) If the notional loan is discharged as the result of an event specified in subsection (1),the amount of the notional loan outstanding immediately before the occurrence of theevent counts as employment income of the employee for the relevant tax year (whetheror not the employment has terminated before or since the acquisition).

(3) The “relevant tax year” is the tax year in which the notional loan is treated asdischarged.

(4) The notional loan is also treated as discharged when—

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(a) payments or further payments for the employment-related securities equal tothe amount initially outstanding in relation to them have been made by anassociated person, or

(b) the employee dies.

Textual AmendmentsF11 S. 446U(1)(c) and word inserted (with effect in accordance with Sch. 2 para. 14(2) of the amending

Act) by Finance (No. 2) Act 2005 (c. 22), Sch. 2 para. 14

[F12446UA

Pre-acquisition avoidance cases

(1) Sections 446S to 446U do not apply if the main purpose (or one of the main purposes)of the arrangements under which the right or opportunity to acquire the employment-related securities is made available is the avoidance of tax or national insurancecontributions.

(2) But instead an amount equal to what would (apart from this section) be the amount ofthe notional loan initially outstanding by virtue of sections 446S and 446T counts asemployment income of the employee for the tax year in which the acquisition takesplace.]

Textual AmendmentsF12 S. 446UA inserted (with effect in accordance with Sch. 2 para. 15(2) of the amending Act) by Finance

(No. 2) Act 2005 (c. 22), Sch. 2 para. 15

446V Chapter to be additional to other income tax charges

This Chapter does not affect any liability to income tax arising in respect of theacquisition under—

(a) Chapter 1 of Part 3 (earnings),(b) Chapter 10 of Part 3 (taxable benefits: residual liability to charge),(c) Chapter 3 of this Part (acquisition by conversion),(d) Chapter 3A of this Part (securities with artificially depressed market value),

F13...(e) Chapter 5 of this Part (acquisition of securities pursuant to securities

option)[F14, or(f) Chapter 2 of Part 7A (employment income provided through third parties)]

Textual AmendmentsF13 Word in s. 446V omitted (with effect in accordance with Sch. 2 paras. 52-59 of the amending Act) by

virtue of Finance Act 2011 (c. 11), Sch. 2 para. 23(a)F14 S. 446V(f) and word inserted (with effect in accordance with Sch . 2 para. 52-59 of the amending Act)

by Finance Act 2011 (c. 11), Sch. 2 para. 23(b)

6 Income Tax (Earnings and Pensions) Act 2003 (c. 1)Part 7 – Employment income: income and exemptions relating to securities

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446W Definitions

(1) In this Chapter—“interest”, in relation to securities,“securities”,“securities option”, and“shares”,have the meaning indicated in section 420.

(2) In this Chapter “market value” has the meaning indicated in section 421(1).

(3) In this Chapter “the acquisition” has the meaning indicated in section 421B(8) (butsubject to section 446Q(4)).

(4) In this Chapter—“the employment”,“the employee” (except in section 446R),“the employer”, and“employment-related securities”,have the meaning indicated in section 421B(8).

(5) In this Chapter “associated person” has the meaning indicated in section 421C.

(6) In this Chapter—“associated company”, and“employee-controlled”,have the meaning indicated in section 421H.

(7) In this Chapter “the notional loan” has the meaning indicated in section 446S(1).]

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Changes and effects yet to be applied to the whole Act associated Parts and Chapters:Whole provisions yet to be inserted into this Act (including any effects on thoseprovisions):– Pt. 2 Ch. 10 inserted by 2017 c. 10 Sch. 1 para. 9– Pt. 2 Ch. 5B substituted for Pt. 2 Ch. 5A by 2014 c. 26 Sch. 9 para. 5– Pt. 4 Ch. 10A inserted by 2014 c. 26 Sch. 37 para. 5– Pt. 4 Ch. 7A inserted by 2015 c. 11 s. 11(1)– Pt. 7A Ch. 2 excluded by 2017 c. 32 Sch. 11 para. 25– Pt. 7A Ch. 2 excluded by 2017 c. 32 Sch. 11 para. 27(1)– Pt. 7A Ch. 2 excluded by 2017 c. 32 Sch. 11 para. 29(1)– Pt. 7A Ch. 2 excluded by 2017 c. 32 Sch. 11 para. 31– Pt. 7A Ch. 2 excluded by 2017 c. 32 Sch. 11 para. 35(1)– Pt. 7A Ch. 2 excluded by S.I. 2016/1250 reg. 2(1)– Pt. 7A modified by 2017 c. 32 Sch. 11 para. 1(8)– Pt. 7A modified by 2017 c. 32 Sch. 11 para. 35(6)– s. 156(1 word substituted by 2015 c. 11 s. 10(3)– s. 554Z11A inserted by 2013 c. 29 Sch. 45 para. 127– s. 554Z11B-554Z11G and cross-heading inserted by 2017 c. 10 Sch. 6 para. 11– s. 554Z11A(2) words inserted by 2017 c. 32 Sch. 11 para. 43(2)(a)– s. 554Z11A(2) words inserted by 2017 c. 32 Sch. 11 para. 43(2)(b)– s. 7(5)(ca) inserted by 2017 c. 32 s. 5(2)– s. 15(1)(1A) substituted for s. 15(1) by 2013 c. 29 Sch. 45 para. 58(1)– s. 15(4)-(6) inserted by 2013 c. 29 Sch. 45 para. 58(2)– s. 15(5) word omitted by 2013 c. 29 Sch. 6 para. 2(a)– s. 15(5)(c) and word inserted by 2013 c. 29 Sch. 6 para. 2(b)– s. 23(1A) inserted by 2014 c. 26 Sch. 3 para. 2– s. 23(4) inserted by 2013 c. 29 Sch. 45 para. 60(4)– s. 24(2A) inserted by 2013 c. 29 Sch. 45 para. 61(2)– s. 24(3A) inserted by 2013 c. 29 Sch. 45 para. 61(3)– s. 24A24B inserted by 2014 c. 26 Sch. 3 para. 3– s. 26(5A) inserted by 2013 c. 29 Sch. 45 para. 62(3)– s. 26A inserted by 2013 c. 29 Sch. 46 para. 10– s. 41C(4A) inserted by 2014 c. 26 Sch. 3 para. 4(2)– s. 41C(9) inserted by 2014 c. 26 Sch. 3 para. 4(3)– s. 41ZA and cross-heading inserted by 2013 c. 29 Sch. 6 para. 3– s. 46A and cross-heading inserted by 2014 c. 26 s. 16(5)– s. 48(3) inserted by 2017 c. 10 Sch. 1 para. 2(b)– s. 49(1)(aa) inserted by 2017 c. 10 Sch. 1 para. 3– s. 49(4A) inserted by 2017 c. 10 Sch. 1 para. 11– s. 61A(3) inserted by 2017 c. 10 Sch. 1 para. 6– s. 61D(4A) inserted by 2017 c. 10 Sch. 1 para. 7– s. 64A words inserted by 2015 c. 11 s. 15(1)– s. 66(5) inserted by 2015 c. 11 Sch. 1 para. 6– s. 69A69B inserted by 2017 c. 10 Sch. 2 para. 1– s. 81(1A)(1B) inserted by 2017 c. 10 Sch. 2 para. 3(2)– s. 81(3)(4) inserted by 2017 c. 10 Sch. 2 para. 3(3)– s. 87(2A)(2B) inserted by 2017 c. 32 s. 1(2)(b)– s. 87A inserted by 2017 c. 10 Sch. 2 para. 4– s. 94A inserted by 2017 c. 10 Sch. 2 para. 6– s. 97(1A) inserted by 2016 c. 24 s. 7(2)– s. 97(1A)(b) words substituted by 2017 c. 10 Sch. 2 para. 7

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– s. 102(1A) words renumbered as s. 102(1A) by 2017 c. 10 Sch. 2 para. 13(3)– s. 102(1B) inserted by 2017 c. 10 Sch. 2 para. 13(4)– s. 102(4) inserted by 2017 c. 10 Sch. 2 para. 13(6)– s. 103A inserted by 2017 c. 10 Sch. 2 para. 15– s. 105(2A) inserted by 2017 c. 10 Sch. 2 para. 16(3)– s. 106(2A) inserted by 2017 c. 10 Sch. 2 para. 17(3)– s. 109(4) inserted by 2016 c. 24 s. 7(3)– s. 109(4) words substituted by 2017 c. 10 Sch. 2 para. 18(4)– s. 114(1A) inserted by 2016 c. 24 s. 7(4)– s. 114(2)(d) words substituted by 2017 c. 10 Sch. 2 para. 19(d)– s. 120(3) inserted by 2016 c. 24 s. 7(6)(b)– s. 120(4) inserted by 2017 c. 10 Sch. 2 para. 21– s. 120A inserted by 2017 c. 10 Sch. 2 para. 22– s. 120A(3)(b) words substituted by 2019 c. 1 s. 7(2)(a)– s. 120A(4) inserted by 2019 c. 1 s. 7(2)(b)– s. 121A121B inserted by 2017 c. 10 Sch. 2 para. 23– s. 121A(1) words substituted by 2019 c. 1 s. 7(3)(a)– s. 121A(2) words substituted by 2019 c. 1 s. 7(3)(b)(i)– s. 121A(2) words substituted by 2019 c. 1 s. 7(3)(b)(ii)– s. 131(1A) inserted by 2017 c. 10 Sch. 2 para. 25(3)– s. 132A inserted by 2017 c. 10 Sch. 2 para. 27– s. 132A(3) substituted by 2019 c. 1 s. 7(4)(a)– s. 132A(4A)(4B) inserted by 2019 c. 1 s. 7(4)(b)– s. 136(2A) inserted by 2018 c. 3 s. 48(9)(a)– s. 137(2A) inserted by 2018 c. 3 s. 48(10)(a)– s. 139(2)(a)(aa) substituted for s. 139(2)(a) by 2013 c. 29 s. 23(3)– s. 139(2)(aa) word substituted by 2015 c. 11 s. 7(3)(b)– s. 139(2)(aa) word substituted by 2015 c. 11 s. 8(3)(b)– s. 139(2)(aa) word substituted by 2016 c. 24 s. 8(3)(b)– s. 139(2)(aa) words substituted by 2014 c. 26 s. 24(3)s. 24(4)(b)– s. 139(4)(b) figure substituted by 2013 c. 29 s. 23(6)(b)– s. 139(7)(a) and word omitted by 2014 c. 26 s. 24(3)(6)– s. 139(7)(a) word inserted by 2018 c. 3 s. 9(5)– s. 141(1)(1A) substituted for s. 141(1) by 2018 c. 3 s. 9(2)– s. 141(2A) inserted by 2018 c. 3 s. 9(4)– s. 143(A1) inserted by 2017 c. 10 Sch. 2 para. 28(2)– s. 144(1A) inserted by 2017 c. 10 Sch. 2 para. 29(3)– s. 145(6) inserted by 2017 c. 10 Sch. 2 para. 30(3)– s. 147A inserted by 2017 c. 10 Sch. 2 para. 32– s. 148(2A) words inserted by 2017 c. 10 Sch. 2 para. 33(4)– s. 148(2B) inserted by 2017 c. 10 Sch. 2 para. 33(5)– s. 149A inserted by 2017 c. 10 Sch. 2 para. 35– s. 152(2)(c)(i) inserted by 2017 c. 32 s. 1(9)(d)(i)– s. 154(1) s. 154 renumbered as s. 154(1) by 2016 c. 24 s. 7(7)(a)– s. 154(2)(3) inserted by 2016 c. 24 s. 7(7)(b)– s. 154(4) inserted by 2017 c. 10 Sch. 2 para. 36– s. 154A inserted by 2017 c. 10 Sch. 2 para. 37– s. 154A(2)(b) words substituted by 2019 c. 1 s. 7(5)(a)– s. 154A(3) words substituted by 2019 c. 1 s. 7(5)(b)– s. 154A(7) words substituted by 2019 c. 1 s. 7(5)(c)– s. 154A(8) inserted by 2019 c. 1 s. 7(5)(d)– s. 155(1)-(1C) substituted for s. 155(1)(2) by 2015 c. 11 s. 10(2)– s. 155(1B)(a) sum substituted by S.I. 2017/1176 art. 3– s. 155(1B)(a) sum substituted by S.I. 2020/199 art. 3– s. 155(1B)(a) word substituted by 2016 c. 24 s. 11(2)– s. 155(1B)(a) word substituted by S.I. 2015/1979 art. 3– s. 155(1B)(a)(b) word substituted by S.I. 2016/1174 art. 3– s. 155(1B)(a)(b) word substituted by S.I. 2018/1176 art. 3

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– s. 155(1B)(b) sum substituted by S.I. 2017/1176 art. 3– s. 155(1B)(b) sum substituted by S.I. 2020/199 art. 3– s. 155(1B)(b) word substituted by S.I. 2015/1979 art. 3– s. 155(1C)(b)-(g) substituted for s. 155(1C)(b)-(e) by 2016 c. 24 s. 11(3)– s. 158A inserted by 2017 c. 10 Sch. 2 para. 38– s. 160(5) inserted by 2017 c. 10 Sch. 2 para. 39(3)– s. 160A inserted by 2017 c. 10 Sch. 2 para. 40– s. 163(3)(c)(i) inserted by 2017 c. 32 s. 1(12)(d)(i)– s. 163(3)(c)(ii) and word substituted for words by 2017 c. 32 s. 1(12)(d)(ii)– s. 170(1)(f) and word inserted by 2017 c. 10 Sch. 2 para. 41(c)– s. 170(1)(ca) inserted by 2017 c. 10 Sch. 2 para. 41(a)– s. 173(1A) inserted by 2016 c. 24 s. 7(8)– s. 173(1A)(b) words substituted by 2017 c. 10 Sch. 2 para. 42– s. 175(A1)-(1B) substituted for s. 175(1) by 2017 c. 10 Sch. 2 para. 43– s. 175A inserted by 2017 c. 10 Sch. 2 para. 44(1)– s. 202(1A) inserted by 2017 c. 10 Sch. 2 para. 47– s. 203A inserted by 2017 c. 10 Sch. 2 para. 48– s. 205(1A)-(1D) inserted by 2017 c. 10 s. 8(2)(b)– s. 205(5)(6) inserted by 2019 c. 1 s. 9(4)– s. 205A205B inserted by 2017 c. 10 s. 8(3)– s. 205A modified by 2019 c. 1 s. 9(6)-(8)– s. 226A-226D and cross-heading inserted by 2013 c. 29 Sch. 23 para. 3– s. 226A(2) words substituted by 2017 c. 10 s. 12(1)(a)– s. 226A(3) omitted by 2017 c. 10 s. 12(1)(b)– s. 226A(6) words omitted by 2017 c. 10 s. 12(1)(c)– s. 226A(7) words inserted by 2017 c. 10 s. 12(1)(d)– s. 226B-226D omitted by 2017 c. 10 s. 12(2)– s. 226E and cross-heading inserted by 2016 c. 24 Sch. 2 para. 1– s. 227(4)(za) inserted by 2016 c. 24 s. 17(3)– s. 228(2)(da) inserted by 2015 c. 8 s. 54(2)– s. 228(2)(db) inserted by 2017 c. 32 s. 3(2)– s. 228A inserted by 2017 c. 10 Sch. 2 para. 49– s. 232(6A) inserted by 2013 c. 29 Sch. 45 para. 63– s. 235A inserted by 2015 c. 33 s. 29(3)– s. 236(1A) inserted by 2015 c. 33 s. 29(4)– s. 237A inserted by 2019 c. 1 s. 8(1)– s. 241A241B inserted by S.I. 2014/211 art. 2(1)– s. 266(1)(f) and word inserted by 2014 c. 26 s. 12(3)– s. 270AA inserted by 2014 c. 28 s. 63(4)– s. 289A(2A) inserted by 2019 c. 1 s. 10(2)– s. 289A(4A) inserted by 2019 c. 1 s. 10(3)– s. 289A(5) words inserted by 2019 c. 1 s. 10(4)(b)– s. 289A(5) words substituted by 2019 c. 1 s. 10(4)(a)– s. 289A(5A) inserted by 2019 c. 1 s. 10(5)– s. 289A(6) words substituted by 2019 c. 1 s. 10(6)– s. 289A(7) words inserted by 2019 c. 1 s. 10(7)– s. 289A(8) inserted by 2019 c. 1 s. 10(8)– s. 290C-290F inserted by 2015 c. 11 s. 13(2)– s. 293B inserted by 2013 c. 29 s. 10(1)– s. 295A and cross-heading inserted by 2015 c. 33 s. 29(5)– s. 297D inserted by 2018 c. 3 s. 8(1)– s. 299A and cross-heading inserted by S.I. 2018/282 art. 2(2)– s. 306A and cross-heading inserted by 2015 c. 11 s. 14(2)– s. 306B and cross-heading inserted by 2016 c. 24 Sch. 2 para. 2– s. 308B inserted by 2015 c. 8 s. 54(1)– s. 308C inserted by 2017 c. 32 s. 3(1)– s. 318AZA inserted by 2014 c. 28 s. 64(4)– s. 320C and cross-heading inserted by 2014 c. 26 s. 12(2)

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– s. 323A-323C inserted by 2016 c. 24 s. 13(2)– s. 323A(2) applied by S.I. 2007/3537, Sch. para. 22(2)(a) (as inserted) by S.I.

2016/1036 reg. 4– s. 323B(4) modified by S.I. 2007/3537, Sch. para. 22(2)(b) (as inserted) by S.I.

2016/1036 reg. 4– s. 326B and cross-heading inserted by 2013 c. 29 Sch. 23 para. 37– s. 329(1A) inserted by 2013 c. 29 Sch. 45 para. 64(2)– s. 339A inserted by 2016 c. 24 s. 14(1)– s. 339A(6A)-(6C) inserted by 2017 c. 10 Sch. 1 para. 12– s. 340A inserted by S.I. 2014/211 art. 2(2)– s. 346(4) inserted by 2017 c. 32 s. 4(2)(f)– s. 349(2)(ca)(cb) inserted by 2017 c. 32 s. 4(3)(a)– s. 365(1)(aa) inserted by 2017 c. 10 s. 8(4)(a)(ii)– s. 373(7) inserted by 2017 c. 32 Sch. 8 para. 10(3)– s. 374(10) inserted by 2017 c. 32 Sch. 8 para. 10(4)– s. 376(6) inserted by 2017 c. 32 Sch. 8 para. 10(5)– s. 384(2)(aa) inserted by 2018 c. 3 s. 7– s. 394(4)(c) substituted by 2013 c. 29 Sch. 45 para. 65(3)– s. 394(4C)(b) word omitted by 2013 c. 29 Sch. 45 para. 65(2)– s. 394(4C)(ba) inserted by 2013 c. 29 Sch. 45 para. 65(2)– s. 394A inserted by 2013 c. 29 Sch. 45 para. 125– s. 395B inserted by S.I. 2014/211 art. 5(2)– s. 395B(1)(ca) inserted by 2017 c. 10 Sch. 3 para. 5(2)– s. 395B(8) word substituted by 2017 c. 10 Sch. 3 para. 5(3)– s. 395C inserted by 2017 c. 10 Sch. 3 para. 6– s. 402A-402E inserted by 2017 c. 32 s. 5(3)– s. 404(6) inserted by 2017 c. 32 s. 5(5)(b)– s. 404B inserted by 2017 c. 32 s. 5(6)– s. 406(1) s. 406 renumbered as s. 406(1) by 2017 c. 32 s. 5(7)(a)– s. 406(2) inserted by 2017 c. 32 s. 5(7)(b)– s. 413(A1) inserted by 2018 c. 3 s. 10(2)– s. 413(2A) inserted by 2013 c. 29 Sch. 46 para. 38(3)– s. 413(3ZA) inserted by 2013 c. 29 Sch. 46 para. 38(5)– s. 414(1)(za) inserted by 2018 c. 3 s. 10(3)(a)– s. 414A inserted by S.I. 2014/211 art. 5(3)(b)– s. 414B414C inserted by 2018 c. 3 s. 10(4)– s. 418(A1) inserted by 2014 c. 26 Sch. 9 para. 7– s. 418(1A) inserted by 2016 c. 24 s. 17(2)– s. 421E(1)-(1B) substituted for s. 421E(1) by 2013 c. 29 Sch. 45 para. 66(2)– s. 421E(2A) inserted by 2013 c. 29 Sch. 45 para. 66(3)– s. 421L(3)(ba) inserted by 2014 c. 26 s. 21(3)(a)– s. 421L(5A) inserted by 2014 c. 26 s. 21(3)(b)– s. 421JA-421JF inserted by 2014 c. 26 Sch. 8 para. 228– s. 425(6) inserted by 2014 c. 26 Sch. 9 para. 9– s. 428(7)(ba) inserted by 2013 c. 29 Sch. 23 para. 5– s. 428(7)(bb) inserted by 2014 c. 26 Sch. 9 para. 10(2)– s. 428(7A)-(7C) inserted by 2014 c. 26 Sch. 9 para. 10(3)– s. 430A inserted by 2014 c. 26 Sch. 9 para. 36– s. 431(3)(aa) inserted by 2013 c. 29 Sch. 23 para. 6– s. 431(6) inserted by 2014 c. 26 Sch. 9 para. 12– s. 431B(a) word inserted by S.I. 2015/360 reg. 2(b)– s. 431B(a) words in s. 431B renumbered as s. 431B(a) by S.I. 2015/360 reg. 2(a)– s. 431B(b) inserted by S.I. 2015/360 reg. 2(b)– s. 437(1)(a) words inserted by 2013 c. 29 Sch. 23 para. 7– s. 446B(4)(ba) inserted by 2013 c. 29 Sch. 23 para. 8– s. 446T(3)(ba) inserted by 2013 c. 29 Sch. 23 para. 9– s. 446T(3A) inserted by 2014 c. 26 Sch. 9 para. 13– s. 446U(1A) inserted by 2014 c. 26 Sch. 9 para. 37(3)

Income Tax (Earnings and Pensions) Act 2003 (c. 1)Document Generated: 2020-04-13

11

– s. 446U(4)(aa) inserted by 2014 c. 26 Sch. 9 para. 37(4)– s. 446V(ba) inserted by 2013 c. 29 Sch. 23 para. 10– s. 452(2)(aa) inserted by 2013 c. 29 Sch. 23 para. 11– s. 457(1)(a)-(ag) s. 457(1)(a)-(ag) substituted for s. 457(1)(a) by S.I. 2019/1027 reg.

9– s. 474(1)-(1B) substituted for s. 474(1) by 2013 c. 29 Sch. 45 para. 67– s. 479(3A) inserted by 2013 c. 29 Sch. 23 para. 12– s. 479(3A) omitted by 2017 c. 10 s. 12(3)(a)– s. 480(5A) inserted by 2014 c. 26 Sch. 9 para. 15– s. 498(3)-(13) inserted by 2013 c. 29 Sch. 2 para. 19– s. 498(9)(b) words substituted by 2014 c. 26 Sch. 8 para. 4(5)– s. 506(2A)-(2C) inserted by 2014 c. 26 Sch. 8 para. 8(3)– s. 506(3A) inserted by 2014 c. 26 Sch. 8 para. 8(4)– s. 519(3A)-(3J) inserted by 2013 c. 29 Sch. 2 para. 21– s. 519(3A)(a) words substituted by 2014 c. 26 Sch. 8 para. 101(3)(a)– s. 519(3A)(b)(i) words substituted by 2014 c. 26 Sch. 8 para. 101(3)(b)– s. 519(3A)(c) word omitted by 2014 c. 26 Sch. 8 para. 101(3)(c)– s. 519(3A)(c)(iia) words inserted by 2014 c. 26 Sch. 8 para. 101(3)(c)– s. 519(3A)(d) word omitted by 2014 c. 26 Sch. 8 para. 101(3)(c)– s. 519(3A)(d)(iia) words inserted by 2014 c. 26 Sch. 8 para. 101(3)(c)– s. 519(3A)(e)(iia) inserted by 2014 c. 26 Sch. 8 para. 101(3)(d)– s. 519(3A)(e)(ii) word omitted by 2014 c. 26 Sch. 8 para. 101(3)(d)– s. 519(3A)(f) word omitted by 2014 c. 26 Sch. 8 para. 101(3)(c)– s. 519(3A)(f)(iia) words inserted by 2014 c. 26 Sch. 8 para. 101(3)(c)– s. 519(3H) words inserted by 2014 c. 26 Sch. 8 para. 101(4)(a)– s. 519(3H)(b) words substituted by 2014 c. 26 Sch. 8 para. 101(4)(b)– s. 524(2D)-(2N) inserted by 2013 c. 29 Sch. 2 para. 26(5)– s. 524(2E)(a) words substituted by 2014 c. 26 Sch. 8 para. 162(3)(a)– s. 524(2E)(c)(iia) inserted by 2014 c. 26 Sch. 8 para. 162(3)(b)– s. 524(2E)(c) word omitted by 2014 c. 26 Sch. 8 para. 162(3)(b)– s. 524(2E)(d)(iia) inserted by 2014 c. 26 Sch. 8 para. 162(3)(b)– s. 524(2E)(d) word omitted by 2014 c. 26 Sch. 8 para. 162(3)(b)– s. 524(2E)(e)(iia) inserted by 2014 c. 26 Sch. 8 para. 162(3)(c)– s. 524(2E)(e) word omitted by 2014 c. 26 Sch. 8 para. 162(3)(c)– s. 524(2E)(f)(iia) inserted by 2014 c. 26 Sch. 8 para. 162(3)(b)– s. 524(2E)(f) word omitted by 2014 c. 26 Sch. 8 para. 162(3)(b)– s. 524(2L) words inserted by 2014 c. 26 Sch. 8 para. 162(4)(a)– s. 524(2L)(b) words substituted by 2014 c. 26 Sch. 8 para. 162(4)(b)– s. 524(2BA) inserted by 2013 c. 29 Sch. 2 para. 26(3)– s. 531(3A) inserted by 2013 c. 29 Sch. 23 para. 13– s. 531(3A) omitted by 2017 c. 10 s. 12(3)(b)– s. 532(4A) inserted by 2013 c. 29 Sch. 23 para. 14(2)– s. 532(4A) omitted by 2017 c. 10 s. 12(3)(b)– s. 534(7) inserted by 2016 c. 24 Sch. 3 para. 1(1)– s. 554A cross-heading inserted by 2018 c. 3 Sch. 1 para. 5(2)– s. 554A heading words inserted by 2018 c. 3 Sch. 1 para. 5(3)– s. 554A(1)(e)(i)(ii) modified by 2017 c. 32 Sch. 11 para. 1(3)– s. 554A(2) words inserted by 2017 c. 10 Sch. 6 para. 2– s. 554A(2) words inserted by 2017 c. 32 Sch. 11 para. 46(2)– s. 554A(4) words inserted by 2017 c. 10 Sch. 6 para. 4(b)– s. 554A(4) words omitted by 2017 c. 10 Sch. 6 para. 4(a)– s. 554A(4)(a) words inserted by 2017 c. 32 Sch. 11 para. 46(3)– s. 554A(5A)-(5C) inserted by 2018 c. 3 Sch. 1 para. 1– s. 554C(1)(aa)(ab) inserted by 2017 c. 10 Sch. 6 para. 3(2)– s. 554C(2)(3) applied by 2017 c. 32 Sch. 11 para. 1(5)– s. 554C(3A)-(3C) inserted by 2017 c. 10 Sch. 6 para. 3(2)– s. 554E(1)(a) words substituted by 2014 c. 26 Sch. 8 para. 49(2)– s. 554E(1)(b) words substituted by 2014 c. 26 Sch. 8 para. 136(2)

12 Income Tax (Earnings and Pensions) Act 2003 (c. 1)Document Generated: 2020-04-13

– s. 554E(1)(c) words substituted by 2014 c. 26 Sch. 8 para. 200(2)– s. 554E(3)(a)(i) words substituted by 2014 c. 26 Sch. 8 para. 49(2)– s. 554E(3)(a)(ii) words substituted by 2014 c. 26 Sch. 8 para. 136(3)– s. 554E(3)(a)(ii) words substituted by 2014 c. 26 Sch. 8 para. 200(3)– s. 554E(3)(b)(i) words substituted by 2014 c. 26 Sch. 8 para. 49(2)– s. 554E(3)(b)(ii) words substituted by 2014 c. 26 Sch. 8 para. 136(3)– s. 554E(3)(b)(ii) words substituted by 2014 c. 26 Sch. 8 para. 200(3)– s. 554E(4)(a)(b) words substituted by 2014 c. 26 Sch. 8 para. 49(3)– s. 554E(4)(a)(b) words substituted by 2014 c. 26 Sch. 8 para. 136(4)– s. 554E(4)(a)(b) words substituted by 2014 c. 26 Sch. 8 para. 200(4)– s. 554F(6) inserted by 2017 c. 32 Sch. 11 para. 26– s. 554G(8) inserted by 2017 c. 32 Sch. 11 para. 30– s. 554L(10)(c)(i) words substituted by 2014 c. 26 Sch. 9 para. 18– s. 554M(9)(b)(i) words substituted by 2014 c. 26 Sch. 9 para. 19(2)– s. 554M(10)(b)(i) words substituted by 2014 c. 26 Sch. 9 para. 19(3)– s. 554N(1)(b) words omitted by 2014 c. 26 Sch. 9 para. 20(2)– s. 554N(2)(b) words omitted by 2014 c. 26 Sch. 9 para. 20(3)– s. 554N(6) word inserted by 2014 c. 26 Sch. 9 para. 38– s. 554N(6) word omitted by 2014 c. 26 Sch. 9 para. 20(4)(a)– s. 554N(6) word omitted by 2014 c. 26 Sch. 9 para. 20(4)(b)– s. 554N(7)(b) words inserted by 2013 c. 29 Sch. 23 para. 15– s. 554N(10)(b) words omitted by 2014 c. 26 Sch. 9 para. 20(5)(a)– s. 554N(10)(c) words omitted by 2014 c. 26 Sch. 9 para. 20(5)(b)– s. 554N(13)(c)(i) words substituted by 2014 c. 26 Sch. 9 para. 20(6)– s. 554N(17) inserted by 2017 c. 32 Sch. 11 para. 32– s. 554O(1)(a)(i) words substituted by S.I. 2013/1881 Sch. para. 9(a)– s. 554O(5) words substituted by S.I. 2013/1881 Sch. para. 9(b)– s. 554O(6) inserted by S.I. 2013/1881 Sch. para. 9(c)– s. 554O(7) inserted by 2017 c. 32 Sch. 11 para. 34– s. 554Z(2) words inserted by 2018 c. 3 Sch. 1 para. 5(4)– s. 554Z(7)-(10) inserted by 2017 c. 10 Sch. 3 para. 7– s. 554Z(9) words inserted by 2017 c. 32 Sch. 11 para. 46(4)– s. 554Z(10)(b) word omitted by 2017 c. 32 Sch. 11 para. 46(5)– s. 554Z(10)(b) words inserted by 2017 c. 10 Sch. 6 para. 6– s. 554Z(10)(d) and word inserted by 2017 c. 32 Sch. 11 para. 46(5)– s. 554Z(16) applied by 2017 c. 32 Sch. 11 para. 44(2)– s. 554AA-554AF and cross-heading inserted by 2018 c. 3 Sch. 1 para. 2– s. 554OA inserted by 2017 c. 10 Sch. 6 para. 5– s. 554OA(2)-(5) applied by 2017 c. 32 Sch. 11 para. 27(2)– s. 554OA(6) inserted by 2017 c. 32 Sch. 11 para. 27(3)– s. 554RA inserted by 2017 c. 10 Sch. 6 para. 8– s. 554XA inserted by 2017 c. 10 Sch. 6 para. 9– s. 554XA(2)(a)(b) omitted by 2017 c. 32 s. 34(1)– s. 554Z5 substituted by 2017 c. 10 Sch. 6 para. 10– s. 554Z9 heading words substituted by 2013 c. 29 Sch. 46 para. 13(2)– s. 554Z3(1) modified by 2017 c. 32 Sch. 11 para. 13(2)(b)– s. 554Z9(1) words substituted by 2017 c. 32 Sch. 11 para. 40(2)– s. 554Z6(1)(a) words inserted by 2013 c. 29 Sch. 45 para. 69– s. 554Z9(1)(c) substituted by 2013 c. 29 Sch. 46 para. 13(1)– s. 554Z9(1A) inserted by 2014 c. 26 Sch. 3 para. 5– s. 554Z2(1A) inserted by 2016 c. 24 s. 18(2)– s. 554Z9(1A) words substituted by 2017 c. 32 Sch. 11 para. 40(3)– s. 554Z2(1AA) inserted by 2018 c. 3 Sch. 1 para. 3(1)– s. 554Z1(2) substituted by S.I. 2019/1458 Sch. 3 para. 25(4)– s. 554Z9(2) words inserted by 2017 c. 32 Sch. 11 para. 40(4)– s. 554Z2(2)(a) modified by 2017 c. 32 Sch. 11 para. 37(2)– s. 554Z9(2A) inserted by 2017 c. 32 Sch. 11 para. 40(5)– s. 554Z5(3) excluded by 2017 c. 32 Sch. 11 para. 12(5)

Income Tax (Earnings and Pensions) Act 2003 (c. 1)Document Generated: 2020-04-13

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– s. 554Z4(3)-(5) substituted by 2013 c. 29 Sch. 45 para. 68(2)– s. 554Z9(3) words substituted by 2017 c. 32 Sch. 11 para. 40(6)– s. 554Z2(4) inserted by 2017 c. 32 Sch. 11 para. 38– s. 554Z9(5) words substituted by 2017 c. 32 Sch. 11 para. 40(7)(a)– s. 554Z9(5) words substituted by 2017 c. 32 Sch. 11 para. 40(7)(b)(i)– s. 554Z9(5) words substituted by 2017 c. 32 Sch. 11 para. 40(7)(b)(ii)– s. 554Z8(5)(b) word omitted by 2016 c. 24 s. 18(3)– s. 554Z9(5)(b) words inserted by 2013 c. 29 Sch. 45 para. 70(a)– s. 554Z9(5)(c) words inserted by 2013 c. 29 Sch. 45 para. 70(b)– s. 554Z8(5)(d) and word inserted by 2016 c. 24 s. 18(3)– s. 554Z4(5A)(5B) inserted by 2013 c. 29 Sch. 45 para. 68(3)– s. 554Z5(12) inserted by 2017 c. 32 Sch. 11 para. 46(6)– s. 554Z10 heading words substituted by 2013 c. 29 Sch. 46 para. 14(2)– s. 554Z12(1) words inserted by 2017 c. 10 Sch. 6 para. 7– s. 554Z10(1) words substituted by 2017 c. 32 Sch. 11 para. 41(2)– s. 554Z10(1)(a) substituted by 2013 c. 29 Sch. 45 para. 71(2)– s. 554Z10(1)(c) substituted by 2013 c. 29 Sch. 46 para. 14(1)(c)– s. 554Z10(2) substituted by 2013 c. 29 Sch. 45 para. 71(3)– s. 554Z10(2) words inserted by 2017 c. 32 Sch. 11 para. 41(3)– s. 554Z10(2A)(2B) inserted by 2013 c. 29 Sch. 45 para. 71(4)– s. 554Z10(2AA) inserted by 2017 c. 32 Sch. 11 para. 41(4)– s. 554Z10(3) words substituted by 2013 c. 29 Sch. 45 para. 71(5)– s. 554Z10(4) substituted by 2013 c. 29 Sch. 45 para. 71(6)– s. 554Z11(4) words substituted by 2017 c. 32 Sch. 11 para. 42(2)– s. 554Z11(5) words substituted by 2017 c. 32 Sch. 11 para. 42(3)– s. 554Z11(6) words substituted by 2017 c. 32 Sch. 11 para. 42(4)– s. 554Z12(9)(10) inserted by 2013 c. 29 Sch. 45 para. 128– s. 554Z4A inserted by 2013 c. 29 Sch. 45 para. 126– s. 554Z2A inserted by 2018 c. 3 Sch. 1 para. 3(2)– s. 558(4) inserted by 2017 c. 32 s. 4(6)(d)– s. 560(2)(ca)(cb) inserted by 2017 c. 32 s. 4(7)(a)– s. 572A inserted by 2013 c. 29 Sch. 45 para. 129– s. 573(2A)-(2D) inserted by 2014 c. 30 Sch. 2 para. 25(2)– s. 573(2E)(2F) inserted by 2015 c. 11 Sch. 4 para. 20– s. 573(4) inserted by 2017 c. 10 Sch. 3 para. 8– s. 574(1)(b) words omitted by 2014 c. 30 Sch. 2 para. 25(3)(a)(i)– s. 574(1)(b) words substituted by 2014 c. 30 Sch. 2 para. 25(3)(a)(ii)– s. 574(1)(aa) inserted by 2017 c. 10 Sch. 3 para. 9– s. 574(1)(ba)(bb) inserted by 2014 c. 30 Sch. 2 para. 25(3)(b)– s. 574A inserted by 2017 c. 10 Sch. 3 para. 10(1)– s. 575(1A) inserted by 2013 c. 29 Sch. 45 para. 72(3)– s. 575(1A) word substituted by 2017 c. 10 Sch. 3 para. 2(4)(a)(ii)– s. 576A modified by 2014 c. 30 Sch. 1 para. 84– s. 576A modified by 2017 c. 10 Sch. 3 para. 11(1)– s. 576A modified by 2017 c. 10 Sch. 3 para. 12(1)– s. 576A modified by 2017 c. 10 Sch. 4 para. 9– s. 576A modified by 2017 c. 10 Sch. 4 para. 10– s. 576A substituted by 2013 c. 29 Sch. 45 para. 116– s. 576A(2) words inserted by 2014 c. 30 Sch. 1 para. 83(2)– s. 576A(4)(4A) substituted for s. 576A(4) by 2014 c. 30 Sch. 1 para. 83(3)– s. 576A(9) words inserted by 2014 c. 30 Sch. 1 para. 83(4)(b)– s. 576A(9) words substituted by 2014 c. 30 Sch. 1 para. 83(4)(a)– s. 579A(3) inserted by 2015 c. 11 Sch. 4 para. 22– s. 579CA modified by 2014 c. 30 Sch. 1 para. 82– s. 579CA substituted by 2013 c. 29 Sch. 45 para. 117– s. 579CA(2) words inserted by 2014 c. 30 Sch. 1 para. 81(2)– s. 579CA(3A)(k) word omitted by 2015 c. 33 s. 22(7)(a)– s. 579CA(3A)(m) and word inserted by 2015 c. 33 s. 22(6)(b)

14 Income Tax (Earnings and Pensions) Act 2003 (c. 1)Document Generated: 2020-04-13

– s. 579CA(3A)(m) and word inserted by 2015 c. 33 s. 22(7)(b)– s. 579CA(4)(4A) substituted for s. 579CA(4) by 2014 c. 30 Sch. 1 para. 81(3)– s. 579CA(4)(k) word omitted by 2015 c. 33 s. 22(6)(a)– s. 579CA(7) words substituted by 2014 c. 30 Sch. 1 para. 81(4)– s. 579CZA inserted by 2014 c. 30 Sch. 2 para. 25(5)– s. 579CZA(5)(b) substituted by 2015 c. 11 Sch. 4 para. 23(1)– s. 611A inserted by 2015 c. 11 Sch. 4 para. 21– s. 636A(1)(ca) inserted by 2014 c. 26 Sch. 5 para. 5(3)(a)– s. 636A(1A)-(1C) inserted by 2014 c. 30 Sch. 1 para. 62(2)– s. 636A(1B) modified by S.I. 2006/207, reg. 18 (as inserted) by 2014 c. 30 Sch. 1

para. 96(15)– s. 636A(3A) substituted by 2016 c. 24 Sch. 5 para. 2(3)– s. 636A(4)-(4ZA) substituted for s. 636A(4) by 2015 c. 33 s. 22(2)– s. 636A(4)(d) and word inserted by 2014 c. 30 Sch. 1 para. 31(a)– s. 636A(4)(aa) words omitted by 2014 c. 30 Sch. 2 para. 19(3)(b)– s. 636A(8) inserted by 2015 c. 33 s. 22(4)– s. 636B(5) inserted by 2016 c. 24 Sch. 5 para. 8(3)– s. 636AA inserted by 2015 c. 33 s. 22(5)– s. 642A inserted by 2016 c. 24 s. 23(1)– s. 646B-646F inserted by 2015 c. 11 Sch. 4 para. 17(1)– s. 665(3)(4) inserted by S.I. 2017/338 reg. 8(3)– s. 668(2A) inserted by S.I. 2017/338 reg. 10– s. 669(A1) inserted by S.I. 2017/338 reg. 11– s. 675(A1) inserted by S.I. 2017/338 reg. 14– s. 681G(1) words substituted by S.I. 2019/1458 Sch. 3 para. 25(5)(a)– s. 681G(2) words substituted by S.I. 2019/1458 Sch. 3 para. 25(5)(b)– s. 681G(3) words substituted by S.I. 2019/1458 Sch. 3 para. 25(5)(c)– s. 681G(4) omitted by S.I. 2019/1458 Sch. 3 para. 25(5)(d)– s. 681G(5) omitted by S.I. 2019/1458 Sch. 3 para. 25(5)(d)– s. 683(3B) substituted by 2013 c. 29 Sch. 45 para. 130(3)– s. 683(3C) inserted by 2015 c. 33 s. 22(8)(b)– s. 683(3ZA) inserted by 2013 c. 29 Sch. 45 para. 130(2)– s. 684(4A) words substituted by 2019 c. 1 s. 82(3)– s. 688(1)-(1B) substituted for s. 688(1) by 2014 c. 26 s. 16(8)– s. 688(2A) inserted by 2014 c. 26 s. 17(3)– s. 688B inserted by 2016 c. 24 s. 14(3)– s. 689(1B)(1C) inserted by 2014 c. 26 s. 20(2)– s. 689(1ZA) inserted by 2014 c. 26 s. 21(4)– s. 689(4A) inserted by 2018 c. 3 Sch. 1 para. 12(3)– s. 689A inserted by 2014 c. 26 s. 21(5)– s. 689A(12)(13) inserted by 2014 c. 26 s. 21(8)– s. 690(1A) inserted by 2013 c. 29 Sch. 45 para. 73(3)– s. 695(1A) inserted by 2017 c. 10 Sch. 2 para. 59– s. 697(4)(aa) inserted by 2014 c. 26 Sch. 8 para. 137(b)– s. 697(4)(ab) inserted by 2014 c. 26 Sch. 8 para. 201– s. 701(2)(c)(iza) inserted by 2014 c. 26 Sch. 8 para. 138(b)– s. 701(2)(c)(ia) words substituted by 2014 c. 26 Sch. 8 para. 202– s. 716(2)(fa)(fb) inserted by 2016 c. 24 s. 13(3)– s. 716B and cross-heading inserted by 2014 c. 26 s. 18(1)– Sch. 2 para. 6(1) Sch. 2 para. 6 renumbered as Sch. 2 para. 6(1) by 2014 c. 26 Sch. 8

para. 18(1)– Sch. 2 para. 65(1) Sch. 2 para. 65 renumbered as Sch. 2 para. 65(1) by 2014 c. 26

Sch. 8 para. 26(2)– Sch. 2 para. 37(7)(8) inserted by 2013 c. 29 Sch. 2 para. 20(1)– Sch. 2 para. 43(2A) inserted by 2013 c. 29 Sch. 2 para. 50– Sch. 2 para. 52(2A) inserted by 2013 c. 29 Sch. 2 para. 79(2)– Sch. 2 para. 52(3A)(3B) inserted by 2013 c. 29 Sch. 2 para. 79(4)– Sch. 2 para. 62(1A) inserted by 2013 c. 29 Sch. 2 para. 83(3)

Income Tax (Earnings and Pensions) Act 2003 (c. 1)Document Generated: 2020-04-13

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– Sch. 2 para. 75(2)(aa) inserted by 2013 c. 29 Sch. 2 para. 52– Sch. 2 para. 75(3)(aa) inserted by 2013 c. 29 Sch. 2 para. 52– Sch. 2 para. 99(4) inserted by 2013 c. 29 Sch. 2 para. 56– Sch. 2 para. 6(2) inserted by 2014 c. 26 Sch. 8 para. 18(2)– Sch. 2 para. 7(1A)-(1C) inserted by 2014 c. 26 Sch. 8 para. 19(3)– Sch. 2 para. 27(1)(ba) inserted by 2014 c. 26 Sch. 37 para. 19(2)– Sch. 2 para. 27(3)-(6) inserted by 2014 c. 26 Sch. 37 para. 19(3)– Sch. 2 para. 35(2A) inserted by 2014 c. 26 s. 50(2)– Sch. 2 para. 43(2B)(2C) inserted by 2014 c. 26 Sch. 8 para. 23– Sch. 2 para. 46(6) inserted by 2014 c. 26 s. 50(3)– Sch. 2 para. 56(2A)(2B) inserted by 2014 c. 26 Sch. 8 para. 25(4)– Sch. 2 para. 60(4) inserted by 2014 c. 26 s. 50(4)– Sch. 2 para. 65(2)(3) inserted by 2014 c. 26 Sch. 8 para. 26(3)– Sch. 2 para. 1(5) inserted by 2016 c. 24 Sch. 3 para. 2(2)– Sch. 2 para. 81A(5A)-(5D) inserted by 2016 c. 24 Sch. 3 para. 3(2)– Sch. 2 para. 81K(6)(za) inserted by 2016 c. 24 Sch. 3 para. 3(3)(b)– Sch. 2 para. 81K(A1) inserted by 2016 c. 24 Sch. 3 para. 3(3)(a)– Sch. 2 Pt. 10A inserted by 2016 c. 24 Sch. 3 para. 2(3)– Sch. 2 para. 1(A1) substituted for Sch. 2 para. 1(1)(2) by 2014 c. 26 Sch. 8 para.

16(2)– Sch. 2 para. 81K(7) word inserted by 2016 c. 24 Sch. 3 para. 3(3)(c)– Sch. 3 para. 28(5)(6) inserted by 2013 c. 29 Sch. 2 para. 62– Sch. 3 para. 34(2)(c)(d) inserted by 2013 c. 29 Sch. 2 para. 23(2)(b)– Sch. 3 para. 37(3A)(3B) inserted by 2013 c. 29 Sch. 2 para. 24(2)– Sch. 3 para. 38(2A)(2B) inserted by 2013 c. 29 Sch. 2 para. 25(3)– Sch. 3 para. 39(7) inserted by 2013 c. 29 Sch. 2 para. 63– Sch. 3 para. 48(3) inserted by 2013 c. 29 Sch. 2 para. 65– Sch. 3 para. 17(1A) inserted by 2014 c. 26 Sch. 8 para. 109– Sch. 3 para. 19(1)(ba) inserted by 2014 c. 26 Sch. 37 para. 20(2)– Sch. 3 para. 19(3) inserted by 2014 c. 26 Sch. 37 para. 20(3)– Sch. 3 para. 28(3A)(3B) inserted by 2014 c. 26 Sch. 8 para. 111(2)– Sch. 3 para. 37(4A) inserted by 2014 c. 26 Sch. 8 para. 114(4)– Sch. 3 para. 37(6A)-(6F) inserted by 2014 c. 26 Sch. 8 para. 114(5)– Sch. 3 para. 38(2)(ba) inserted by 2014 c. 26 Sch. 8 para. 115(2)– Sch. 3 para. 38(3)(ba) inserted by 2014 c. 26 Sch. 8 para. 115(3)– Sch. 3 para. 39(8) inserted by 2014 c. 26 Sch. 8 para. 116(3)– Sch. 3 para. 47A and cross-heading inserted by 2014 c. 26 Sch. 8 para. 119– Sch. 3 para. 40A(5A)-(5D) inserted by 2016 c. 24 Sch. 3 para. 4(2)– Sch. 3 para. 40K(5)(za) inserted by 2016 c. 24 Sch. 3 para. 4(3)(b)– Sch. 3 para. 40K(A1) inserted by 2016 c. 24 Sch. 3 para. 4(3)(a)– Sch. 3 para. 1(A1) substituted for Sch. 3 para. 1(1)(2) by 2014 c. 26 Sch. 8 para.

105(2)– Sch. 3 para. 40K(6) word inserted by 2016 c. 24 Sch. 3 para. 4(3)(c)– Sch. 4 para. 25(1) Sch. 4 para. 25 renumbered as Sch. 4 para. 25(1) by 2014 c. 26

Sch. 8 para. 175(2)– Sch. 4 para. 6(4) inserted by 2013 c. 29 Sch. 2 para. 68– Sch. 4 para. 22(5)(6) inserted by 2013 c. 29 Sch. 2 para. 72– Sch. 4 para. 25A and cross-heading inserted by 2013 c. 29 Sch. 2 para. 29– Sch. 4 para. 26(2A)(2B) inserted by 2013 c. 29 Sch. 2 para. 30(3)– Sch. 4 para. 27(7) inserted by 2013 c. 29 Sch. 2 para. 73– Sch. 4 para. 36(3) inserted by 2013 c. 29 Sch. 2 para. 75– Sch. 4 para. 15(1A) inserted by 2014 c. 26 Sch. 8 para. 171– Sch. 4 para. 17(1)(ba) and word inserted by 2014 c. 26 Sch. 37 para. 21(1)– Sch. 4 para. 21A and cross-heading inserted by 2014 c. 26 Sch. 8 para. 173– Sch. 4 para. 22(3A)(3B) inserted by 2014 c. 26 Sch. 8 para. 174(3)– Sch. 4 para. 25(2) inserted by 2014 c. 26 Sch. 8 para. 175(4)– Sch. 4 para. 25A(6A) inserted by 2014 c. 26 Sch. 8 para. 176(4)– Sch. 4 para. 25A(7A)-(7F) inserted by 2014 c. 26 Sch. 8 para. 176(5)

16 Income Tax (Earnings and Pensions) Act 2003 (c. 1)Document Generated: 2020-04-13

– Sch. 4 para. 26(2)(ba) inserted by 2014 c. 26 Sch. 8 para. 177(2)– Sch. 4 para. 26(3)(ba) inserted by 2014 c. 26 Sch. 8 para. 177(3)– Sch. 4 para. 27(8) inserted by 2014 c. 26 Sch. 8 para. 178(3)– Sch. 4 para. 35ZA and cross-heading inserted by 2014 c. 26 Sch. 8 para. 181– Sch. 4 para. 28A(5A)-(5D) inserted by 2016 c. 24 Sch. 3 para. 5(2)– Sch. 4 para. 28K(5)(za) inserted by 2016 c. 24 Sch. 3 para. 5(3)(b)– Sch. 4 para. 28K(A1) inserted by 2016 c. 24 Sch. 3 para. 5(3)(a)– Sch. 4 para. 22(5) omitted by 2014 c. 26 Sch. 8 para. 174(5)– Sch. 4 para. 1(A1) substituted for Sch. 4 para. 1(1)(2) by 2014 c. 26 Sch. 8 para.

166(2)– Sch. 4 para. 28K(6) word inserted by 2016 c. 24 Sch. 3 para. 5(3)(c)– Sch. 4 para. 25(1) words omitted by 2014 c. 26 Sch. 8 para. 175(3)– Sch. 4 para. 25A(1) words substituted by 2014 c. 26 Sch. 8 para. 176(2)– Sch. 4 para. 25A(6)(b) words substituted by 2014 c. 26 Sch. 8 para. 176(3)– Sch. 5 para. 39(4)(5) inserted by 2013 c. 29 Sch. 2 para. 31(1)– Sch. 5 para. 9(5) inserted by 2014 c. 26 Sch. 37 para. 22(1)– Sch. 5 para. 44(5)(c) and word inserted by 2014 c. 26 Sch. 8 para. 217(4)(b)– Sch. 5 para. 44(5A) inserted by 2014 c. 26 Sch. 8 para. 217(5)– Sch. 5 para. 44(8)-(10) inserted by 2014 c. 26 Sch. 8 para. 217(6)– Sch. 5 para. 53(3) inserted by 2014 c. 26 Sch. 8 para. 219(3)– Sch. 5 para. 57A-57E and cross-heading inserted by 2014 c. 26 Sch. 8 para. 220– Sch. 5 para. 5252A substituted for Sch. 5 para. 52 by 2014 c. 26 Sch. 8 para. 218