On the occurrence of a chargeable event a taxable amount must be determined. This amount will form part of the employee's employment income for the tax year in which the chargeable event falls. This, though, is subject to a general exception where, broadly, a benefit accrues to the employee as shareholder rather than through the employment (see E4.507L)1. Relief is also available for employer (secondary) Class 1 NICs met by the
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 17:00