(1)This Chapter applies to payments and other benefits which are received directly or indirectly in consideration or in consequence of, or otherwise in connection with—
(a)the termination of a person’s employment,
(b)a change in the duties of a person’s employment, or
(c)a change in the earnings from a person’s employment,
by the person, or the person’s spouse, blood relative, dependant or personal representatives.
(2)Subsection (1) is subject to subsection (3) and sections 405 to 413 (exceptions for certain payments and benefits).
(3)This Chapter does not apply to any payment or other benefit chargeable to income tax apart from this Chapter.
(4)For the purposes of this Chapter—
(a)a payment or other benefit which is provided on behalf of, or to the order of, the employee or former employee is treated as received by the employee or former employee, and
(b)in relation to a payment or other benefit—
(i)any reference to the employee or former employee is to the person mentioned in subsection (1), and
(ii)any reference to the employer or former employer is to be read accordingly.
(1)In this Chapter “benefit” includes anything in respect of which, were it received for performance of the duties of the employment, an amount—
(a)would be taxable earnings from the employment, or
(b)would be such earnings apart from an earnings-only exemption.
This is subject to subsections (2) to (4).
(2)In this Chapter “benefit” does not include a benefit received in connection with the termination of a person’s employment that is a benefit which, were it received for performance of the duties of the employment, would fall within—
(a)section 239(4) (exemption of benefits connected with taxable cars and vans and exempt heavy goods vehicles), so far as that section applies to a benefit connected with a car or van,
(b)section 269 (exemption where benefits or money obtained in connection with taxable car or van or exempt heavy goods vehicle),
(c)section 319 (mobile telephones), or
(d)section 320 (limited exemption for computer equipment).
(3)In this Chapter “benefit” does not include a benefit received in connection with any change in the duties of, or earnings from, a person’s employment to the extent that it is a benefit which, were it received for performance of the duties of the employment, would fall within section 271(1) (limited exemption of removal benefits and expenses).
(4)The right to receive a payment or benefit is not itself a benefit for the purposes of this Chapter.