(1) Chapter 4 of Part 42 of the Principal Act is amended -
(a) in section 985A (inserted by the Finance Act 2003) -
(i) in subsection (1) -
(I) by substituting "Subject to subsection (1A), this section applies" for "This section applies", and
(II) by deleting "excluding perquisites or profits whatever in the form of shares (including stock) in a company, but" in paragraph (a),
(ii) by inserting the following after subsection (1) -
"(1A) Subsection (1) shall not apply to emoluments in the form of perquisites or profits whatever received by an employee in the form of shares (including stock) being shares or stock in -
(a) the company in which the employee holds his or her office or employment, or
(b) a company which has control (within the meaning of section 432) of that company.",
(iii) by inserting the following after subsection (4) -
"(4A) Any amount of tax which an employer remits in accordance with subsection (4) and any regulations made under that subsection in respect of a notio
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