Income Tax (Earnings and Pensions) Bill

House of Commons portcullis

House of Commons

Session 2002 - 03
Internet Publications
Other Bills before Parliament

Income Tax (Earnings and Pensions) Bill

Income Tax (Earnings and Pensions) Bill
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Chapter 2
Tax on pension income
      566         Nature of charge to tax on pension income and relevant definitions
      567         Amount charged to tax
      568         Person liable for tax
Chapter 3
United Kingdom pensions: general rules
      569         United Kingdom pensions
      570         “Pension”: interpretation
      571         Taxable pension income
      572         Person liable for tax
Chapter 4
Foreign pensions: general rules
      573         Foreign pensions
      574         “Pension”: interpretation
      575         Taxable pension income
      576         Person liable for tax
Chapter 5
United Kingdom social security pensions
      577         United Kingdom social security pensions
      578         Taxable pension income
      579         Person liable for tax
Chapter 6
Approved retirement benefits schemes
Pensions and annuities
      580         Pensions and annuities
      581         Taxable pension income
      582         Person liable for tax
Unauthorised payments
      583         Unauthorised payments
      584         Taxable pension income
      585         Person liable for tax
Interpretation etc.
      586         Meaning of “retirement benefits scheme” etc.
      587         Application to marine pilots’ benefit fund

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      588         Meaning of “employee” and “ex-spouse”
      589         Regulations
Chapter 7
Former approved superannuation funds
Annuities
      590         Annuities
      591         Taxable pension income
      592         Person liable for tax
Unauthorised payments
      593         Unauthorised payments: application of section 583
Interpretation
      594         Meaning of “former approved superannuation fund”
Chapter 8
Approved personal pension schemes
Annuities
      595         Annuities
      596         Taxable pension income
      597         Person liable for tax
Income withdrawals
      598         Income withdrawals
      599         Taxable pension income
      600         Person liable for tax
Unauthorised personal pension payments
      601         Unauthorised personal pension payments
      602         Taxable pension income
      603         Person liable for tax
Interpretation
      604         Meaning of “personal pension scheme” and related expressions
Chapter 9
Retirement annuity contracts
      605         Annuities
      606         Meaning of “retirement annuity contract”
      607         Taxable pension income

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      608         Person liable for tax
Chapter 10
Other employment-related annuities
      609         Annuities for the benefit of dependants
      610         Annuities under sponsored superannuation schemes
      611         Annuities in recognition of another’s services
      612         Taxable pension income: UK annuities
      613         Taxable pension income: foreign annuities
      614         Person liable for tax
Chapter 11
Certain overseas government pensions paid in the UK
      615         Certain overseas government pensions paid in the United Kingdom
      616         Taxable pension income
      617         Deduction allowed from taxable pension income
      618         Person liable for tax
Chapter 12
House of Commons Members’ Fund
      619         The House of Commons Members’ Fund
      620         Meaning of “House of Commons Members’ Fund”
      621         Taxable pension income
      622         Person liable for tax
Chapter 13
Return of surplus employee additional voluntary contributions
      623         Return of surplus employee additional voluntary contributions
      624         Taxable pension income
      625         Person liable for tax
      626         Income tax treated as paid
      627         Meaning of “grossing up”
      628         Interpretation
Chapter 14
Pre-1973 pensions paid under the Overseas Pensions Act 1973
      629         Pre-1973 pensions paid under the Overseas Pensions Act 1973
      630         Interpretation
      631         Taxable pension income
      632         Person liable for tax

Income Tax (Earnings and Pensions) Bill
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Chapter 15
Voluntary annual payments
      633         Voluntary annual payments
      634         Taxable pension income: UK voluntary annual payments
      635         Taxable pension income: foreign voluntary annual payments
      636         Person liable for tax
Chapter 16
Exemption for certain lump sums
      637         Exemption for lump sums provided under certain pension schemes etc.
Chapter 17
Exemptions: any taxpayer
      638         Awards for bravery
      639         Pensions in respect of death due to military or war service
      640         Exemption under section 639 where income withheld
      641         Wounds and disability pensions
      642         Compensation for National-Socialist persecution
      643         Malawi, Trinidad and Tobago and Zambia government pensions
      644         Pensions payable where employment ceased due to disablement
      645         Social security pensions: increases in respect of children
      646         Former miners etc.: coal and allowances in lieu of coal
Chapter 18
Exemptions: Non-UK resident taxpayers
      647         Introduction and meaning of “foreign residence condition” etc.
      648         The Central African Pension Fund
      649         Commonwealth government pensions
      650         Oversea Superannuation Scheme
      651         Overseas Pensions Act 1973
      652         Overseas Service Act 1958
      653         Overseas Service Pensions Fund
      654         The Pensions (India, Pakistan and Burma) Act 1955
Part 10
Social security income
Chapter 1
Introduction
      655         Structure of the social security income Part

Income Tax (Earnings and Pensions) Bill
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Chapter 2
Tax on social security income
      656         Nature of charge to tax on social security income
      657         Meaning of “social security income”, “taxable benefits” etc.
      658         Amount charged to tax
      659         Person liable for tax
Chapter 3
Taxable UK social security benefits
      660         Taxable benefits: UK benefits - Table A
      661         Taxable social security income
      662         Person liable for tax
Chapter 4
Taxable UK social security benefits: exemptions
Incapacity benefit
      663         Long-term incapacity benefit: previous entitlement to invalidity benefit
      664         Short-term incapacity benefit not payable at the higher rate
Income support
      665         Exempt unless payable to member of couple involved in trade dispute
      666         Child maintenance bonus
      667         Amounts in excess of taxable maximum
      668         Taxable maximum
      669         Interpretation
Jobseeker’s allowance
      670         Child maintenance bonus
      671         Amounts in excess of taxable maximum
      672         Taxable maximum: general
      673         Taxable maximum: income-based jobseeker’s allowance
      674         Taxable maximum: contribution-based jobseeker’s allowance
      675         Interpretation
Increases in respect of children
      676         Increases in respect of children
Chapter 5
UK social security benefits wholly exempt from income tax
      677         UK social security benefits wholly exempt from tax: Table B

Income Tax (Earnings and Pensions) Bill
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Chapter 6
Taxable foreign benefits
      678         Taxable benefits: foreign benefits
      679         Taxable social security income
      680         Person liable for tax
Chapter 7
Taxable and other foreign benefits: exemptions
      681         Taxable and other foreign benefits: exemptions
Part 11
Pay As You Earn
Chapter 1
Introduction
      682         Scope of this Part
      683         PAYE income
Chapter 2
PAYE: General
      684         PAYE regulations
      685         Tax tables
      686         Meaning of “payment”
Chapter 3
PAYE: Special types of payer or payee
      687         Payments by intermediary
      688         Agency workers
      689         Employee of non-UK employer
      690         Employee non-resident etc.
      691         Mobile UK workforce
      692         Organised arrangements for sharing tips
Chapter 4
PAYE: Special types of income
Income provided by means of vouchers and tokens
      693         Cash vouchers
      694         Non-cash vouchers
      695         Credit-tokens

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Income provided in other ways
      696         Readily convertible assets
      697         Enhancing the value of an asset
      698         PAYE: shares ceasing to be only conditional or being disposed of
      699         PAYE: conversion of shares
      700         PAYE: gains from share options
Supplemental
      701         Meaning of “asset”
      702         Meaning of “readily convertible asset”
Chapter 5
PAYE settlement agreements
      703         Introduction
      704         Sums payable by employers under agreements
      705         Approximations allowed in calculations
      706         Exclusion of general earnings from income etc.
      707         Interpretation of this Chapter
Chapter 6
Miscellaneous and supplemental
      708         PAYE repayments
      709         Additional provision for certain assessments
      710         Notional payments: accounting for tax
      711         Right to make a return
      712         Interpretation of this Part
Part 12
Payroll giving
      713         Donations to charity: payroll deduction scheme
      714         Meaning of “donations”
      715         Approval of schemes: regulation by Treasury
Part 13
Supplementary provisions
Alteration of amounts
      716         Alteration of amounts by Treasury order
Orders and regulations
      717         Orders and regulations made by Treasury or Board

© Parliamentary copyright 2002
Revised 4 December 2002