Section 10 — Income Tax (Earnings and Pensions) Act 2003: Meaning of “taxable earnings” and “taxable specific income”

Meaning of “taxable earnings” and “taxable specific income” 10 1 This section explains what is meant by “taxable earnings” and “taxable specific income” in the employment income Parts. 2 “Taxable earnings from an employment in a tax year are to be determined in accordance with Chapters 4 and 5 of this Part . 3 “Taxable specific income from an employment for a tax year means the full amount of any specific employment income which, by virtue of Part 6 , 7 or 7A or any other enactment, counts as employment income for that year in respect of the employment.

4 Subsection (3) is subject to Chapter 5B (taxable specific income from employment-related securities etc : internationally mobile employees) .

5 Subsection (3) is also subject to sections 554Z9 to 554Z11 (employment income under Part 7A: remittance basis).