Section 312H — Income Tax (Earnings and Pensions) Act 2003: Excluded payments

Excluded payments 312H 1 For the purposes of section 312B, a payment is “excluded” if the employee is a party to arrangements (whether made before or after the beginning of the employee's employment) under which—

a the employee gives up the right to receive an amount of general earnings or specific employment income in return for the provision of the payment, or b the employee and employer agree that the employee is to receive the payment rather than receive some other description of employment income.

2 In this section references to an employee include a former employee.