Regulation 5 Meaning of “earnings”
Regulation 20(2) of the General Regulations (meaning of “earnings”) shall be amended by —
(a)
in sub-paragraph (b), inserting after the word “holiday” the word “entitlement”;
(b)
in sub-paragraph (d), inserting after the word “kind” the words “other than a payment to which regulation 19C of the Social Security (Contributions) Regulations 1979 f1, applies”;
(c)
omitting sub-paragraph (e); and
(d)
inserting after sub-paragraph (i) the following sub-paragraph—
“(j)a payment which by virtue of section 643(1) of the Income and Corporation Taxes Act 1988 f2(employers' contributions) is not regarded as an emolument of the employment chargeable to tax under Schedule E.”.