The benefits code: which directors and employees are chargeable?
Section 216 ITEPA 2003
This section only applies for 2015/16 and earlier.
The complete benefits code can only apply to an individual who is in:
- employment with earnings of at least £8,500 a year (EIM20105 onwards) or
- employment as a director of a company, with certain exceptions (EIM20200 onwards).
Note that an employment is within the special rules if its earnings are at least £8,500 a year, whether or not it is employment as a director.
In some cases it will be necessary to calculate the rate of earnings from the employment, in order to determine whether or not the employment has earnings of at least £8,500 (EIM20101).