Section 6(5) ITEPA 2003, section 16C ITTOIA 2005, section 40B CTA 2009

As shown at EIM03000, income from an office or employment may be exempt from income tax under Part 2 of ITEPA and treated instead as ordinary professional receipts. Section 16C of the Income Tax (Trading and Other Income) Act 2005 and section 40B of the Corporation Tax Act 2009 set out the conditions that must be met before this treatment can be allowed.

The treatment can be allowed where:

a payment is received by an individual who carries on a profession (alone or in a partnership)

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