Part 5

Employment income: deductions allowed from earnings
Chapter 2

Deductions for employee’s expenses

Employee liabilities and indemnity insurance

Payments made after leaving the employment
347
1
A deduction for a payment is not allowed under section 346 if—
a
the employee has ceased to hold the employment, and
b
the payment is made after the day on which the employee ceased to hold the employment.
2
If subsection (1) applies, see section 555 (former employee entitled to deduction in calculating net income).
Words in s. 347(2) substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 435 (with Sch. 2)
Pt. 5 Ch. 2 restricted (6.4.2006) by Finance Act 2004 (c. 12), s. 284(1), Sch. 33 para. 1(5) (with Sch. 36)