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Income Tax (Earnings and Pensions) Act 2003
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- UK Public General Acts
- 2003 c. 1
- Part 4
- CHAPTER 10A
- Section 312F
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Income Tax (Earnings and Pensions) Act 2003, Section 312F is up to date with all changes known to be in force on or before 26 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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[F1312FSection 312B: the office-holder requirementU.K.
This section has no associated Explanatory Notes
(1)For the purposes of section 312B, a company meets the officer-holder requirement if the appropriate fraction does not exceed 2/5.
(2)“The appropriate fraction” means—
where—
ND is the number of persons who are one or both of the following—
(a)
a director or other office-holder of the company;
(b)
an employee of the company connected with a person within paragraph (a);
NE is the number of persons who are employees (or office-holders) of the company.]
Textual Amendments
F1Pt. 4 Ch. 10A inserted (with effect in accordance with Sch. 37 para. 8 of the amending Act) by Finance Act 2014 (c. 26), Sch. 37 para. 5
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