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DC 11: Transfers of employment income obligations to associates
or “Rules for paying employees when connected companies change employers”
You could also call this:

“ This rule about company loans for employee share purchases no longer applies ”

This law used to be about loans given to employees as part of share purchase schemes. However, it’s no longer in effect. The government removed this rule on 29 March 2018. This means that if you’re an employee or an employer, you don’t need to worry about this specific rule anymore when it comes to loans for buying shares in your company.

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Next up: DC 13: Criteria for approval of share purchase schemes: before period of restriction ends

or “This provision about approving share purchase schemes before restrictions end is no longer in use”
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Part D Deductions
Employee or contractor expenditure

DC 12Loans to employees under share purchase schemes (Repealed)

    Notes
    • Section DC 12: repealed, on , by section 49 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).