HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

ETASSUM21010 - Schedule 2 share incentive plan (SIP): General requirements: overview

The general requirements for a Tax Advantaged Schedule 2 SIP are contained in Parts 2-9 of Schedule 2 Income Tax (Earnings and Pensions) Act 2003 (ITEPA). All references below are to ITEPA.

The various “plan requirements” are listed and separately dealt with below