PART VII GENERAL PROVISIONS RELATING TO TAXATION OF INCOME OF INDIVIDUALS

CHAPTER IV SPECIAL PROVISIONS

314 Divers and diving supervisors.
(1) Where the duties of any employment which are performed by a person in the United Kingdom or a designated area consist wholly or mainly—
(a) of taking part, as a diver, in diving operations concerned with the exploration or exploitation of the seabed, its subsoil and their natural resources; or
(b) of acting, in relation to any such diving operations, as a diving supervisor,
the Income Tax Acts shall have effect as if the performance by that person of those duties constituted the carrying on by him of a trade within Case I of Schedule D; and accordingly any employment income taken into account in computing the profits or gains of that trade is not chargeable under Part 2 of ITEPA 2003.
Source-1978 s.29(1), (2)
Words in s. 314(1) substituted (6.4.2003 with effect in accordance with s. 723(1) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 6 para. 40 (with Sch. 7)
(2) In this section “designated area” means any area designated under section 1(7) of the Continental Shelf Act 1964.
1964 c. 29.