»Ê¹ÚÌåÓýapp

S687-S689 Income Tax (Trading and Other Income) Act 2005, S979-S981 Corporation Tax Act 2009

This guidance is an overview of the miscellaneous income sweep-up provisions.

»Ê¹ÚÌåÓýappse provisions charge tax on income that is not otherwise taxable under other Income Tax provisions or charged as income under Corporation Tax provisions.

»Ê¹ÚÌåÓýapp charge is one of broad scope. Amongst the types of income covered are:

• payment for a service where it was agreed that the service would be provided for reward - for further guidance see BIM100110;
• income received under an agreement or arrangement, which is not otherwise taxable - for further guidance see BIM100125;
• payment for the use of money that is not interest or does not fall within the loan relationships legislation - for further guidance see BIM100225.

This list is illustrative and by no means exhaustive.

Although the provisions are ‘sweep upâ€� provisions, this does not mean that they tax all profits that fall outside the other charges to Income Tax or Corporation Tax on income. »Ê¹ÚÌåÓýapp provisions do not tax:

• capital accretions on isolated transactions in assets;
• voluntary receipts such as gifts and gratuities;
• gambling winnings from wagers and bets;
• post-cessation receipts - income that would have been taxable under a different charge, but for the source having ceased (for this reason there is specific post-cessation receipts legislation, see BIM90000).