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Income Tax (Earnings and Pensions) Act 2003

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Section 706: Exclusions of general earnings from income etc.

2862.This section permits PAYE Regulations to exclude the earnings covered by a PSA from the employees’ income for income tax purposes. It also allows the regulations to provide that no part of sums paid by the employer under a PSA are counted as tax paid by an employee. It derives from section 206A(4) of ICTA.

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