This section explains what is meant by “taxable earnings” and “taxable specific income” in the employment income Parts.

“Taxable earnings from an employment in a tax year are to be determined in accordance with F1Chapters 4 and 5 of this Part.

“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.

Subsection (3) is subject to F4Chapter 5B (taxable specific income from employment-related securities etc: internationally mobile employees).

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