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 [F2, 7 or 7A] or any other enactment, counts as employment income for that year in respect of the employment.
[F3(4)Subsection (3) is subject to [F4Chapter 5B (taxable specific income from employment-related securities etc: internationally mobile employees)].]
[F5(5)Subsection (3) is also subject to sections 554Z9 to 554Z11 (employment income under Part 7A: remittance basis).]
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)
F2Words in s. 10(3) substituted (with effect in accordance with Sch. 2 paras. 52-59 of the amending Act) by Finance Act 2011 (c. 11), Sch. 2 para. 6(2)
F3S. 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)
F4Words in s. 10(4) substituted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by Finance Act 2014 (c. 26), Sch. 9 para. 4, 47
F5S. 10(5) inserted (with effect in accordance with Sch. 2 paras. 52-59 of the amending Act) by Finance Act 2011 (c. 11), Sch. 2 para. 6(3)