Statute
Section 312F — Income Tax (Earnings and Pensions) Act 2003: Section 312B: the office-holder requirement
Text of the provision Official document
Section 312B: the office-holder requirement 312F 1 For the purposes of section 312B, a company meets the officer-holder requirement if the appropriate fraction does not exceed 2/5. 2 “ The appropriate fraction ” means— ND NE where— ND is the number of persons who are one or both of the following—
a director or other office-holder of the company; an employee of the company connected with a person within paragraph (a); NE is the number of persons who are employees (or office-holders) of the company.
Official source: legislation.gov.uk
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