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. |
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| 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. |