Part 1 Internationally Mobile Employees
Finance Act 2014 (2014 c 26) | Legislation

SCHEDULE 9 Employment-related Securities etc

Section 52

Part 1 Internationally Mobile Employees

ITEPA 2003

1

ITEPA 2003 is amended as follows.

2

Part 2 (employment income: charge to tax) is amended as follows.

3

In section 6 (nature of charge to tax on employment income), in subsection (3A), for “Chapter 5A†substitute “Chapter 5Bâ€.

4

In section 10 (meaning of “taxable earnings†and “taxable specific incomeâ€), in subsection (4), for the words from “Chapter 5A†to the end substitute “Chapter 5B (taxable specific income from employment-related securities etc: internationally mobile employees)â€.

5

For Chapter 5A (taxable specific income: effect of remittance basis) substitute—

“Chapter 5B
Taxable Specific Income from Employment-related Securities etc: Internationally Mobile Employees
41F Taxable specific income: internationally mobile employees etc

(1)     This section applies if—

(a)     an amount counts under Chapters 2 to 5 of Part 7 (employment-related securities etc) as employment income of an individual for a tax year (“the securities incomeâ€) in respect of an employment (“the relevant employmentâ€), and

(b)     one or more of the international mobility conditions is met in relation to the individual (see subsection (2)).

(2)     The “international mobility conditions†are—

(a)

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