Section 14 — Injury Prevention, Rehabilitation, and Compensation Act 2001: Earnings as a self-employed person

14 Earnings as a self-employed person (1) Earnings as a self-employed person , in relation to any person and any tax year,— (a) means A minus B, A being the amount described in subsection (2) and B being the amount described in subsection (3) ; and (b) does not include any earnings as an employee or earnings as a shareholder-employee. (2) A is the amount of income (if any)— (a) that the person derives in the tax year for the purposes of the Income Tax Act 2007; and (b) that is dependent on the person's personal exertions. (3) B is all amounts that the person is allowed as deductions for the purposes of the Income Tax Act 2007 because of the person deriving the income described in subsection (2) . Compare: 1998 No 114 s 20 Subsection (1) was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by substituting the words “ tax year ” for the words “ income year ” . Subsection (2) was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by omitting the words “ gross ” . Subsection (2) was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by substituting the words “ tax year ” for the words “ income year ” . Section 14(2)(a): amended, on 1 April 2008, by section ZA 2(1) of the Income Tax Act 2007 (2007 No 97). Subsection (2)(a) was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by substituting the words “ Income Tax Act 2004 ” for the words “ Income Tax Act 1994 ” . Section 14(3): amended, on 1 April 2008, by section ZA 2(1) of the Income Tax Act 2007 (2007 No 97). Subsection (3) was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by substituting the words “ that the person is allowed as deductions for the purposes of the Income Tax Act 2004 ” for the words “ allowable as deductions to the person for the purposes of the Income Tax Act 1994 ” .