Part 2

Employment income: charge to tax
Chapter 5

Taxable earnings: remittance basis rules and rules for non-uk resident employees
Remittance basis rules for
employees outside section 26

Definitions of “C” and “I” for the purposes of section 24A(14)
24B
1
This section applies for the purposes of section 24A(14).
2
“C” is the total amount of credit which would be allowed under section 18(2) of TIOPA 2010 (double taxation relief by way of credit) against income tax in respect of all the employment income falling within section 24A(5)(a) to (d) were none of that income to be, as relevant—
a
“chargeable overseas earnings”,
b
“foreign”,
c
“chargeable foreign securities income”, or
d
income to which section 554Z9(2) applies.
3
For this purpose, assume—
a
that all relief is claimed within the applicable time limit given by section 19 of TIOPA 2010, and
b
that all reasonable steps are taken to minimise any amounts of tax payable as mentioned in section 33 of that Act.
4
“I” is the total amount of all the employment income falling within section 24A(5)(a) to (d).
Words in cross-heading substituted (with effect in accordance with Sch. 46 para. 25 of the amending Act) by Finance Act 2013 (c. 29), Sch. 46 para. 7(2)(b) (with Sch. 46 para. 26)
S. 21 cross-heading substituted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 12
Pt. 2 applied (E.W.S.) (31.3.2017) by The Equality Act 2010 (Specific Duties and Public Authorities) Regulations 2017 (S.I. 2017/353), reg. 1(1), Sch. 1 para. 4(3) (with reg. 2(4)(5))
Ss. 24A, 24B inserted (17.7.2014) by Finance Act 2014 (c. 26), Sch. 3 para. 3
Pt. 2 Ch. 5 title substituted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 10
Pt. 2 applied (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), ss. 969(4)(a), 1329(1) (with Sch. 2 Pts. 1, 2)