EIM45010 - Employment income provided through third parties: glossary

A, B and P In this guidance (as in Part 7A ITEPA 2003):\nA is the employee (or former or prospective employee) mentioned in Section 554A(1)(a),\nB is A바카라 사이트™s employer (or former or prospective employer), and\n(unless otherwise specified) P is the person taking the step under review.
바카라 사이트˜Arrangement바카라 사이트™ and 바카라 사이트˜taxavoidance arrangement바카라 사이트™ 바카라 사이트˜Arrangement바카라 사이트™ and 바카라 사이트˜tax avoidance arrangement바카라 사이트™ are statutory terms: see EIM45855.
Earmarking 바카라 사이트˜Earmarked바카라 사이트™ is the key term in Section 554B(1)(a), one of the provisions which define 바카라 사이트˜relevant step바카라 사이트™.\nSee EIM45095 onwards.
EBT Employee benefit trust. This is just one example of a trust and any other sort of trust could be involved in arrangements that are covered by Part 7A.
EFRBS Employer-financed retirement benefits scheme. See Part 6 Chapter 2 ITEPA 2003 and EIM15010 onwards.
Exit event For the meaning of 바카라 사이트˜exit event바카라 사이트™ in Sections 554K and 554M, see EIM45465.
바카라 사이트˜Linked바카라 사이트™ with A 바카라 사이트˜Linked바카라 사이트™ with A is a statutory term: see EIM45860.
Part 7A income This guidance refers to employment income under Part 7A ITEPA 2003 as 바카라 사이트˜Part 7A income바카라 사이트™ for short.
The Part 7A rules This guidance refers to the legislation on employment income provided through third parties, introduced by Schedule 2 FA 2011 and chiefly contained in Part 7A ITEPA 2003, as 바카라 사이트˜the Part 7A rules바카라 사이트™ for short.\nYou may find that some people refer to the Part 7A rules as the 바카라 사이트˜disguised remuneration바카라 사이트™ regime.
Relevant income For the meaning of 바카라 사이트˜relevant income바카라 사이트™ in Sections 554J to 554M, see EIM45475.
Relevant person A relevant step within Section 554C or 554D is taken in favour of a 바카라 사이트˜relevant person바카라 사이트™.\nSee EIM45090.
Relevant shares For the meaning of 바카라 사이트˜relevant shares바카라 사이트™ in Sections 554J to 554M and 554Z7, see EIM45480.
Relevant step A relevant step is an action which gives rise to Part7A income by reason of A바카라 사이트™s employment with B.\nThe amount of the Part 7A income is the value of the relevant step (adjusted as appropriate).\nSee EIM45055 onwards.
Relevant third person A relevant step only gives rise to Part 7A income if it is taken by a 바카라 사이트˜relevant third person바카라 사이트™.\nSee EIM45035.
Section 554A gateway The conditions in Section 554A(1) must be met before an arrangement can give rise to Part 7A income.\nThis guidance refers to meeting these conditions as 바카라 사이트˜coming through the Section 554A gateway바카라 사이트™. See EIM45025.
Section 554* Part 7A ITEPA 2003 comprises Sections 554A to 554Z21.\nIn this guidance, any reference to a section number (without specifying the Act it relates to) is to that section of ITEPA 2003.\nFor example, 바카라 사이트˜Section 554P바카라 사이트™ is a reference to Section 554P ITEPA2003.