Regulation 3 Amounts to be treated as earnings

After regulation 22A insert the following—

“Amounts to be treated as earnings: Part 7A of ITEPA 2003

22B.

(1)

For the purposes of section 3 of the Act^f1 (earnings), the amount specified in paragraph (2) shall be treated as remuneration derived from an employed earner’s employment.

(2)

The amount is the amount which counts as employment income of the employed earner by virtue of Chapter 2 of Part 7A of ITEPA 2003^f2.

(3)

Paragraph (2) does not apply if the relevant step which gives rise to the amount which counts as employment income by virtue of Chapter 2 of Part 7A of ITEPA 2003 would otherwise give rise to earnings for the purposes of the Act.

(4)

In paragraph (3) “relevant step” means a relevant step for the purposes of Part 7A of ITEPA 2003.”.