EIM20201 - »Ê¹ÚÌåÓýapp benefits code: directors excluded

Section 216(2) and (3) ITEPA 2003

This section only applies to 2015 to 2016 and earlier.

»Ê¹ÚÌåÓýapp full benefits code (EIM20006) applies to most directors, except if the employment is an excluded employment (EIM20007).

Director’s employment excluded from the benefits code

A director’s employment is deemed to be an excluded employment if the following conditions are satisfied:

  • the earnings are less than £8,500 a year (EIM20101 onwards)
  • the director is either a full-time working director of the company (EIM20202 to EIM20203) or employed by a non-profit-making company or one established for charitable purposes only (EIM20210)
  • the director does not have a material interest in the company (EIM20212)
  • any other employment the director holds with employers under the same control also satisfies the three previous conditions

“Control� has the meaning given to it by section 69 ITEPA 2003 (EIM20213).