Employment income: earnings from an office or employment
Section 62 ITEPA 2003
For the tax year 2003 to 2004 onwards, the main tax charge on employment income is in respect of the “earnings” from an office or employment. This is the income that was previously taxed under Section 19(1)1 ICTA 1988 as “emoluments therefrom”.
The guidance on this topic is arranged as follows.
|EIM00520||Meaning of earnings|
|EIM00600||Meaning of from the employment|
|EIM00620||Lump sum payments taxed as earnings|
|EIM01000||List of particular items|
|EIM42200 onwards||Basis of assessment|
|EIM31610 onwards||Deductions from emoluments|