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Legislation
Income Tax (Earnings and Pensions) Act 2003

Crossheading Deductions in calculating net income

  • Section 555 Former employee entitled to deduction in calculating net income
  • Section 556 Deductible payments made outside the time limits allowed
  • Section 556A Deductible payments made pursuant to tax avoidance arrangements
  • Section 557 Deductible payments wholly or partly borne by the former employer etc.
  1. Deductions in calculating net income
  2. Deductible payments made pursuant to tax avoidance arrangements

Section 556A | Deductible payments made pursuant to tax avoidance arrangements

From legislation.gov.uk

No deduction may be made under section 555 if the deductible payment is made in pursuance of arrangements the main purpose, or one of the main purposes, of which is the avoidance of tax.F1

Notes

  1. F1

    S. 556A inserted (with effect in accordance with s. 67(4) of the amending Act) by Finance Act 2009 (c. 10), s. 67(3)

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