347Payments made after leaving the employmentU.K.
This section has no associated Explanatory Notes
(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]).
Textual Amendments
F1Words in s. 347(2) substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 435 (with Sch. 2)