BIM40351 - Specific receipts: fees: directors바카라 사이트™ fees received by partnerships and companies
ESC A37 allows directors바카라 사이트™ fees to be included in the computation of the trading profits of professional partnerships rather than being taxed as the employment income of the director. There is a similar concession relating to fees received by a company with a right to appoint a director to the board of another company. For the text of ESCA37, see EIM02500. For guidance on ESC A37, see EIM02501. The National Insurance Contributions treatment is discussed in NIM12004 and NIM12005.
A request to apply ESC A37 should be dealt with by the person responsible for examining the partnership바카라 사이트™s return and accounts.
For the tax treatment of other professional remuneration from offices or employments, see BIM40355.