Commentary on Sections Schedule 7: Transitionals and Savings Part 7: Employment income: share-related income Paragraph 72
3726.This paragraph ensures that, for the period before 6 April 2003, a reference to a share option granted in accordance with the provisions of an approved SAYE option scheme includes a reference to a right to acquire shares obtained in accordance with the provisions of a savings-related share option scheme.
3727.Sub-paragraph (2) reflects the removal from this Act of references to Case I of Schedule E in ICTA. Here the reference is to “earnings” in paragraph 6(2)(c) of Schedule 3 to this Act.