Section 700A — Income Tax (Earnings and Pensions) Act 2003: Employment-related securities etc : internationally mobile employees

Employment-related securities etc : internationally mobile employees 700A 1 This section applies if—

a section 698 or 700 applies, and b part or all of the amount that counts as employment income is foreign securities income or is likely to be foreign securities income.

2 The amount of the payment treated under section 696 as made is limited to—

a the amount that, on the basis of the best estimate that can reasonably be made, is likely to count as employment income, minus b the amount that, on the basis of such an estimate, is likely to be foreign securities income.

3 References in this section to “foreign securities income” are to income that is foreign securities income for the purposes of section 41F .