7Meaning of “employment income”, “general earnings” and “specific employment income”U.K.
(1)This section gives the meaning for the purposes of the Tax Acts of “employment income”, “general earnings” and “specific employment income”.
(2)“Employment income” means—
(a)earnings within Chapter 1 of Part 3,
(b)any amount treated as earnings (see subsection (5)), or
(c)any amount which counts as employment income (see subsection (6)).
(3)“General earnings” means—
(a)earnings within Chapter 1 of Part 3, or
(b)any amount treated as earnings (see subsection (5)),
excluding in each case any exempt income.
(4)“Specific employment income” means any amount which counts as employment income (see subsection (6)), excluding any exempt income.
(5)Subsection (2)(b) or (3)(b) refers to any amount treated as earnings under—
(a)Chapters 7 and 8 of this Part (application of provisions to agency workers and workers under arrangements made by intermediaries),
(b)Chapters 2 to 11 of Part 3 (the benefits code),
(c)Chapter 12 of Part 3 (payments treated as earnings), or
(d)section 262 of CAA 2001 (balancing charges to be given effect by treating them as earnings).
(6)Subsection (2)(c) or (4) refers to any amount which counts as employment income by virtue of—
(a)Part 6 (income which is not earnings or share-related),
(b)Part 7 [F1(income and exemptions relating to securities and securities options)], or
(c)any other enactment.
Textual Amendments
F1Words in s. 7(6)(b) substituted (16.4.2003 with effect in accordance with Sch. 22 para. 17(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 17(1)