These Regulations amend Part 1 of Schedule 24 to the Finance Act 2016 (c. 24) (“FA 2016”) by adding enterprise management incentives exemptions and reliefs to the tax advantages to which section 180(2) of FA 2016 applies. Section 180(2) of FA 2016 enables HM Revenue and Customs (“HMRC”) to collect information about state aid received by beneficiaries in accordance with relevant EU obligations (as defined in section 182(1) of FA 2016) and publish that information (in accordance with section 181 of FA 2016). The provisions relating to enterprise management incentives exemptions and reliefs are found in Chapter 9 of Part 7 of the Income Tax (Earnings and Pensions) Act 2003 (c.1).
Link: The Enterprise Management Incentives Exemptions and Reliefs (Amendment of Tax Advantages in Schedule 24 to the Finance Act 2016) Regulations 2018
Source: Legislation .gov.uk
