2 |
The layout of this chapter reflects the arrangement of the provisions in ITEPA in part—but only in part. To follow the language of the Act it brings together certain amounts which are ‘treated as’ earnings as set out in section 7(3)(b) and (5) and one of the two groups of receipts which ‘count as employment income’ in 7(4) and (6); so it covers some parts of the benefit Code in part 3 of the Act and most of the receipts in part 6 but not the share-related earnings in part 7 which still have their own chapter. It does not cover those chunks of the benefits code which have in common that they apply only to directors and to employees earning at least £8,500—these are still dealt with in a separate chapter—17A—since, to my mind at least, the distinction is too important. The limitation by earnings may be absurd but it is the law and needs to be understood—unfortunately the scheme in ITEPA is too confusing to be adopted for teaching purposes. |
This chapter also draws together some of the exemptions in part 4 of the Act. Here again the ITEPA has some peculiarities all of its own with some rules which qualify or limit particular types of charge in part 3 being treated as exemptions, and so in part 4, many sections away from the charge they are limiting. A list of the headings in part 4 concludes the chapter (§15A.7). |