Part 5Employment income: deductions allowed from earnings
C1Chapter 2Deductions for employee’s expenses
Annotations:
Modifications etc. (not altering text)
Employee liabilities and indemnity insurance
347Payments made after leaving the employment
1
A deduction for a payment is not allowed under section 346 if—
a
the employee has ceased to hold the employment, and
b
the payment is made after the day on which the employee ceased to hold the employment.
2
If subsection (1) applies, see section 555 (former employee entitled to deduction F1in calculating net income).
Pt. 5 Ch. 2 restricted (6.4.2006) by Finance Act 2004 (c. 12), s. 284(1), Sch. 33 para. 1(5) (with Sch. 36)