A proposed amendment allowing a reduction in length of employees’ share options within a company scheme was disapproved. The nature of such schemes required certainty as to the rights and reliefs granted, and this was in effect a rescission of the original scheme and replacement by a new one.
Citations:
Gazette 12-Feb-1992
Statutes:
Jurisdiction:
England and Wales
Income Tax
Updated: 17 June 2022; Ref: scu.82342
