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HMRC internal manual

Employment Income Manual

Deductions: directors’ and officers’ liabilities: amounts on which relief due

Section 346 ITEPA 2003 Section 346 gives directors and employees deductions against the earnings of an office or employment for:

  • amounts paid in respect of their liabilities related to the employment
  • costs or expenses incurred in connection with a claim that they are subject to such a liability and
  • so much of any premium paid under a qualifying contract of insurance as relates to indemnifying them against any such liabilities, costs or expenses.See

EIM30523 for the exclusion of matters that it would be unlawful to insure against.