Statute
Section 402B — Income Tax (Earnings and Pensions) Act 2003: Termination awards not benefiting from threshold to be treated as earnings
Text of the provision Official document
Termination awards not benefiting from threshold to be treated as earnings 402B 1 The amount of a termination award to which this section applies—
a is treated as an amount of earnings of the employee, or former employee, from the employment , ... b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 See also section 7(3)(b) and (5)(ca) (which cause amounts treated as earnings under this section to be included in general earnings).
3 Section 403(3) (when benefits are received) does not apply in relation to payments or other benefits to which this section applies.
Official source: legislation.gov.uk
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