Income Tax (Earnings and Pensions) Act 2003 section 3

Structure of employment income Parts

Section 3 provides a roadmap to the main parts of the Act that deal with employment income, and introduces the collective label "the employment income Parts" for Parts 2 to 7A.

• Part 2 imposes the charge to tax on employment income, explains how the taxable amount is calculated for a tax year, and identifies who is liable for the tax
• Parts 3 to 5 define what counts as earnings, set out exemptions from the employment income charge, and specify the deductions that may be made from taxable earnings
• Parts 6 and 7 cover other forms of employment income beyond ordinary earnings, including income and exemptions relating to securities and share options acquired in connection with employment
• Part 7A addresses employment income provided through third-party arrangements, such as trusts or intermediaries used in connection with an employment