Version Superseded: 05/12/2005
Point in time view as at 13/06/2003. This version of this provision has been superseded.
Income Tax (Earnings and Pensions) Act 2003, Section 401 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)This Chapter applies to payments and other benefits which are received directly or indirectly in consideration or in consequence of, or otherwise in connection with—
(a)the termination of a person’s employment,
(b)a change in the duties of a person’s employment, or
(c)a change in the earnings from a person’s employment,
by the person, or the person’s spouse, blood relative, dependant or personal representatives.
(2)Subsection (1) is subject to subsection (3) and sections 405 to 413 (exceptions for certain payments and benefits).
(3)This Chapter does not apply to any payment or other benefit chargeable to income tax apart from this Chapter.
(4)For the purposes of this Chapter—
(a)a payment or other benefit which is provided on behalf of, or to the order of, the employee or former employee is treated as received by the employee or former employee, and
(b)in relation to a payment or other benefit—
(i)any reference to the employee or former employee is to the person mentioned in subsection (1), and
(ii)any reference to the employer or former employer is to be read accordingly.
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