Section 218(4) ITEPA 2003

This section only applies for 2015/16 and earlier.

EIM20101 explains how to calculate whether or not an employment has earnings of less than £8,500 a year.

Step 3 provides for the subtraction in the calculation of ‘authorised deductions’ (Section 218(4) ITEPA 2003). The deductions concerned are (references to ITEPA 2003, unless otherwise stated):

capital allowances treated as deductions (Section 262 CAA 2001), EIM36890

employee liabilities and indemnity insurance (Section 346), EIM30500

expenses of entertainers (Section 352), EIM62800

payments by non-domiciled employees (Section 355)

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.