{
  "url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-312F",
  "json_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-312F.json",
  "legislation": "ukpga/2003/1",
  "legislation_title": "Income Tax (Earnings and Pensions) Act 2003",
  "legislation_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003",
  "path": "section/312F",
  "kind": "section",
  "number": "312F",
  "heading": "Section 312B: the office-holder requirement",
  "text": "(1) For the purposes of section 312B, a company meets the officer-holder requirement if the appropriate fraction does not exceed 2/5.\n(2) “The appropriate fraction” means—\nND NEwhere—\nND is the number of persons who are one or both of the following—\n(a)a director or other office-holder of the company;\n(b)an employee of the company connected with a person within paragraph (a);\nNE is the number of persons who are employees (or office-holders) of the company.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 4 Ch. 10A inserted (with effect in accordance with Sch. 37 para. 8 of the amending Act) by Finance Act 2014 (c. 26), Sch. 37 para. 5"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/1/section/312F",
    "retrieved_at": "2026-10-29T09:18:42.395488+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}