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HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

HM Revenue & Customs
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Schedule 2 share incentive plan (SIP): General requirements: Performance conditions

The ‘same terms’ requirement does not prevent a company from making the award of free shares to particular individuals, and/or the level of their award, conditional on a performance condition being met (paragraph 9(5)). The SIP Code refers to acceptable performance conditions as “performance allowances” and sets out a number of requirements which must be met – see ETASSUM24150.