Sections 7 and 8 deal with the tax treatment of share options under unapproved share option schemes. I am making a number of changes to ensure that in future the income tax liability is settled at the time the share options are exercised, while providing some relieving measures for those persons currently in difficulty where the tax charge on their share options exceeds the value of the shares. The seven year deferral facility introduced in 2000 is being abolished in the case of options exercised after enactment of the Bill. From 30 June this year a person exercising share options must pay the tax due within 30 days. The tax payment will be taken into account in calculating the person's final liability to income tax for the tax year concerned.