10Meaning of “taxable earnings” and “taxable specific income”U.K.
(1)This section explains what is meant by “taxable earnings” and “taxable specific income” in the employment income Parts.
(2)“Taxable earnings from an employment in a tax year are to be determined in accordance with [F1Chapters 4 and 5 of this Part].
(3)“Taxable specific income from an employment for a tax year means the full amount of any specific employment income which, by virtue of Part 6 or 7 or any other enactment, counts as employment income for that year in respect of the employment.
[F2(4)Subsection (3) is subject to Chapter 5A of this Part (certain specific employment income under Part 7: individuals to whom to remittance basis applies).]
Textual Amendments
F1Words in s. 10(2) substituted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 4(2)
F2S. 10(4) inserted (with effect in accordance with Sch. 7 para. 80 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 4(3)