Schedule 23 - Corporation tax relief for employee share acquisition

Part of Finance Bill – in a Public Bill Committee at 3:15 pm on 12 June 2003.

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Photo of Stephen O'Brien Stephen O'Brien Conservative, Eddisbury 3:15, 12 June 2003

I beg to move amendment No. 232, in

schedule 23, page 328, line 25, at end insert—

14A. Where under generally accepted accounting practice the employing company recognised an expense in connection with the grant of an option, the amount of relief is equal to the amount of the expense recognised on grant.'.