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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2024 - onwards
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472. Employee allowance.

(1)

(a) In this section -

''appropriate percentage'', in relation to a year of assessment, means a percentage equal to the standard rate of tax for that year;

"emoluments" means emoluments to which Chapter 4 of Part 42 applies or is applied, but does not include -

(i) emoluments paid directly or indirectly by a body corporate (or by any person who would be regarded as connected with the body corporate) to a proprietary director of the body corporate or to the spouse, civil partner, child or child of the civil partner of such a proprietary director, and

(ii) emoluments paid directly or indirectly by an individual (or by a partnership in which the individual is a partner) to the spouse, civil partner, child or child of the civil partner of the individual;

"director" means -

(i) in relation to a body corporate the affairs of which are managed by a board of directors or similar body, a member of that board or body,

(ii) in relation to a body corporate the affairs of which are managed by a

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