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The Income Tax (Professional Fees) Order 2004

S.I. 2004/1360 · Made 14 May 2004

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

INCOME TAX

Made 14th May 2004

Coming into force 17th May 2004

The Commissioners of Inland Revenue, in exercise of the powers conferred upon them by section 343(3) and (4) of the Income Tax (Earnings and Pensions) Act 2003f1, make the following Order:

Annotations to the whole text

Footnotes

f1

2003 c. 1.

Contents

  1. 1Citation and commencement
  2. 2Addition of fee to Table in section 343(2) of Income Tax (Earnings and Pensions) Act 2003
  3. Signature
  4. Explanatory note

1Citation and commencement

This Order may be cited as the Income Tax (Professional Fees) Order 2004 and shall come into force on 17th May 2004.

2Addition of fee to Table in section 343(2) of Income Tax (Earnings and Pensions) Act 2003

At the end of the Table in section 343(2) of the Income Tax (Earnings and Pensions) Act 2003f1 there shall be added—

“Occupations in the private security industry

15.

Fee payable on applying for a licence from the Security Industry Authority under the Private Security Industry Act 2001.”f2.

Signature

Dave Hartnett

Helen Ghosh

Two of the Commissioners of Inland Revenue

14th May 2004

Explanatory note

(This note is not part of the Order)

Section 343 of the Income Tax (Earnings and Pensions) Act 2003 (c. 1) provides for a deduction from the earnings of an employment for an amount paid in respect of a professional fee. “Professional fee” means a fee mentioned in the Table in subsection (2) of the section. Under subsections (3) and (4) of the section, the Board of Inland Revenue may by order add fees to the Table.

This Order adds to the Table the fee payable on application by a person employed in the private security industry for a licence from the Security Industry Authority under the Private Security Industry Act 2001 (c. 12).

This order does not impose new costs on business.