Draft legislation designed to preserve the effect of ESC A4 and ESC A10
ESC A4 modifies the travel expenses rules in ITEPA 2003 ss 337-339 for directors and employees earning £8,500 a year or more. ESC A10 (Lump sums paid under overseas pension schemes) is largely obsolete following the introduction of ITEPA 2003 Part 7A. ‘However [it] continues to apply in respect of payments of lump sum relevant benefits, rights to receive which accrued to employees before 6 April 2011, whenever the lump sum is paid,’ HMRC said.
Draft legislation designed to preserve the effect of ESC A4 and ESC A10
ESC A4 modifies the travel expenses rules in ITEPA 2003 ss 337-339 for directors and employees earning £8,500 a year or more. ESC A10 (Lump sums paid under overseas pension schemes) is largely obsolete following the introduction of ITEPA 2003 Part 7A. ‘However [it] continues to apply in respect of payments of lump sum relevant benefits, rights to receive which accrued to employees before 6 April 2011, whenever the lump sum is paid,’ HMRC said.
