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Income Tax (Earnings and Pensions) Bill


Income Tax (Earnings and Pensions) Bill

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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

 
 

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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 this Part

 
 

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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

 
 

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Interpretation

      718        Connected persons

      719        Control in relation to a body corporate

      720        Meaning of “the Inland Revenue” etc.

      721        Other definitions

Amendments, repeals, citation etc.

      722        Consequential amendments

      723        Commencement and transitional provisions and savings

      724        Repeals and revocations

      725        Citation

                  Schedule 1                                         Abbreviations and defined expressions

                  Part 1                    —                     Abbreviations of Acts and Instruments

                  Part 2                    —                     Index of expressions defined in this Act or ICTA

                  Schedule 2                                         Approved share incentive plans

                  Part 1                    —                     Introduction

                  Part 2                    —                     General requirements

                  Part 3                    —                     Eligibility of individuals

                  Part 4                    —                     Types of shares that may be awarded

                  Part 5                    —                     Free shares

                  Part 6                    —                     Partnership shares

                  Part 7                    —                     Matching shares

                  Part 8                    —                     Cash dividends and dividend shares

                  Part 9                    —                     Trustees

                  Part 10                    —                     Approval of plans

                  Part 11                    —                     Supplementary provisions

                  Schedule 3                                         Approved SAYE option schemes

                  Part 1                    —                     Introduction

                  Part 2                    —                     General requirements for approval

                  Part 3                    —                     Eligibility of individuals to participate in scheme

                  Part 4                    —                     Shares to which schemes can apply

                  Part 5                    —                     Requirement for linked savings scheme

                  Part 6                    —                     Requirements etc. relating to share options

                  Part 7                    —                     Exchange of share options

                  Part 8                    —                     Approval of schemes

                  Part 9                    —                     Supplementary provisions

                  Schedule 4                                         Approved CSOP schemes

                  Part 1                    —                     Introduction

                  Part 2                    —                     General requirements for approval

                  Part 3                    —                     Eligibility of individuals to participate in scheme

                  Part 4                    —                     Shares to which schemes can apply

                  Part 5                    —                     Requirements etc. relating to share options

                  Part 6                    —                     Exchange of share options

                  Part 7                    —                     Approval of schemes

                  Part 8                    —                     Supplementary provisions

                  Schedule 5                                         Enterprise management incentives

                  Part 1                    —                     Introduction

                  Part 2                    —                     General requirements

 
 

 
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Revised 12 February 2003