Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Employment Income Manual

From
HM Revenue & Customs
Updated
, see all updates

Employment income provided by third parties: exclusions: holiday pay schemes

Section 554E ITEPA 2003

A relevant step will not give rise to Part 7A income if:

  • it is taken under an independently managed central holiday pay scheme, and
  • the conditions for the NIC disregard are met.

After 30 October 2012, it will no longer be possible to meet these conditions. See NIM02200.