Section 67 — Income Tax (Earnings and Pensions) Act 2003: Meaning of “director” and “full-time working director”

Meaning of “director” and “full-time working director” 67 1 In the benefits code “ director ” means—

a in relation to a company whose affairs are managed by a board of directors or similar body, a member of that body, b in relation to a company whose affairs are managed by a single director or similar person, that director or person, and c in relation to a company whose affairs are managed by the members themselves, a member of the company, and includes any person in accordance with whose directions or instructions the directors of the company (as defined above) are accustomed to act.

2 For the purposes of subsection (1) a person is not to be regarded as a person in accordance with whose directions or instructions the directors of the company are accustomed to act merely because the directors act on advice given by that person in a professional capacity.

3 In the benefits code “ full-time working director ” means a director who is required to devote substantially the whole of his time to the service of the company in a managerial or technical capacity.