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 through third parties: exclusions: earmarking for employee share and share option schemes: meaning of 'exempt income'

Section 8 ITEPA 2003

Unless otherwise specified, ‘exempt income’ in the Part 7A rules means exempt income for the purposes of the employment income Parts of ITEPA 2003.

An amount of income is ‘exempt income’ for the purposes of the employment income Parts if, as a result of any exemption, no liability to income tax arises in respect of it as such an amount.