Textual Amendments
F1Pt. 5 Ch. 2 heading substituted by Finance Act 1989 (c. 26), s. 53(2)(a)
M1(1)Subject to the provisions of this Chapter [F2and sections 197AD and 197AE], where in any year a person is employed in [F3employment to which this Chapter applies] and by reason of his employment there are paid to him in respect of expenses any sums which, apart from this section, are not chargeable to tax as his income, those sums are to be treated as emoluments of the employment and accordingly chargeable to income tax under Schedule E.
(2)Subsection (1) above is without prejudice to any claim for deductions under section [F4197AG,] 198, 201, [F5201AA] or 332(3).
(3)The reference in subsection (1) above to sums paid in respect of expenses includes any sums put at the employee’s disposal by reason of his employment and paid away by him.
Textual Amendments
F2Words in s. 153(1) inserted (with effect in accordance with s. 57(4) of the amending Act) by Finance Act 2001 (c. 9), Sch. 12 Pt. 2 para. 1(2)
F31989 s.53(2)(b).Previously
“director's or higher-paid employment”.
F4Word in s. 153(2) inserted (with effect in accordance with s. 57(4) of the amending Act) by Finance Act 2001 (c. 9), Sch. 12 Pt. 2 para. 1(3)
F5Words in s. 153(2) inserted (with effect in accordance with s. 91(3) of the amending Act) by Finance Act 1995 (c. 4), s. 91(2)
Marginal Citations
M1Source—1976 s.60