C1C2Part 2Employment income: charge to tax

Annotations:
Modifications etc. (not altering text)
C1

Pt. 2 applied (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), ss. 969(4)(a), 1329(1) (with Sch. 2 Pts. 1, 2)

Chapter 3Operation of tax charge

10Meaning of “taxable earnings” and “taxable specific income”

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 F2Chapters 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 F4, 7 or 7A or any other enactment, counts as employment income for that year in respect of the employment.

F14

Subsection (3) is subject to F5Chapter 5B (taxable specific income from employment-related securities etc: internationally mobile employees).

F35

Subsection (3) is also subject to sections 554Z9 to 554Z11 (employment income under Part 7A: remittance basis).