EIM45455 - Employment income provided through third parties: exclusions: earmarking for employee share and share option schemes: meaning of 'exempt income'
Section 8 ITEPA 2003
Unless otherwise specified, 鈥榚xempt income鈥� in the Part 7A rules means exempt income for the purposes of the employment income Parts of ITEPA 2003.
An amount of income is 鈥榚xempt income鈥� for the purposes of the employment income Parts if, as a result of any exemption, no liability to income tax arises in respect of it as such an amount.