Point in time view as at 17/12/2014.
Income Tax (Earnings and Pensions) Act 2003, Section 41D is up to date with all changes known to be in force on or before 06 March 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.
(1)This section imposes a limit on the extent to which section 41C(3) applies in relation to a period when—
(a)the individual holds associated employments as well as the employment in relation to which section 41C(4) applies, and
(b)the duties of the associated employments are not performed wholly outside the United Kingdom.
(2)The amount of the securities income for the period that is to be regarded as “foreign” is limited to such amount as is just and reasonable, having regard to—
(a)the employment income for the period from all the employments mentioned in subsection (1)(a),
(b)the proportion of that income that is general earnings to which section 22 applies (chargeable overseas earnings),
(c)the nature of and time devoted to the duties performed outside the United Kingdom, and those performed in the United Kingdom, in the period, and
(d)all other relevant circumstances.
(3)In this section “associated employments” means employments with the same employer or with associated employers.
(4)Section 24(5) and (6) (meaning of “associated employer”) apply for the purposes of this section.]
Textual Amendments
F1Pt. 2 Ch. 5A inserted (with effect in accordance with Sch. 7 para. 80 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 22
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