EIM20005 - The benefits code: amounts treated as earnings and how these rules interact with the charge on earnings in Section 62 ITEPA 2003

Section 7(5) ITEPA 2003

Income which an individual receives from an office or employment is charged to tax as 바카라 사이트śemployment income바카라 사이트ť (EIM00510). Employment income consists of:

바카라 사이트śGeneral earnings바카라 사이트ť are usually the main part of a person바카라 사이트™s employment income for tax purposes and these are:

  • earnings within Section 62 ITEPA 2003 (EIM00515) and
  • any other amount treated as earnings (Section 7(5) ITEPA2003).

Amounts treated as earnings include

  • 바카라 사이트śthe benefits code바카라 사이트ť (Section 63 ITEPA 2003) and
  • other provisions (see EIM00513).

The guidance that follows is concerned with the benefits code (EIM20006).