Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 2Taxable benefits: the benefits code
General definitions for benefits code
67Meaning of “director” and “full-time working director”
1
In the benefits code “director” means—
a
in relation to a company whose affairs are managed by a board of directors or similar body, a member of that body,
b
in relation to a company whose affairs are managed by a single director or similar person, that director or person, and
c
in relation to a company whose affairs are managed by the members themselves, a member of the company,
and includes any person in accordance with whose directions or instructions the directors of the company (as defined above) are accustomed to act.
2
For the purposes of subsection (1) a person is not to be regarded as a person in accordance with whose directions or instructions the directors of the company are accustomed to act merely because the directors act on advice given by that person in a professional capacity.
3
In the benefits code “full-time working director” means a director who is required to devote substantially the whole of his time to the service of the company in a managerial or technical capacity.