319. Employment-related securities and interests in securities.

The provisions in Part 7 Chapters 2 to 4A of the Income Tax (Earnings and Pensions) Act 2003, 1apply to 'employment-related' securities, which are securities acquired by a person where the right or opportunity to acquire the securities is available by reason of an employment (current or prospective) of that person or any other person2. These provisions also apply to interests in such securities3. The expression 'by reason of employment' has the same meaning it has in certain other provisions of