EIM64600 - Tax treatment of insurance agents: general: arrangement of guidance
A comprehensive Statement of Practice (SP4/97) was issued on 27 November 1997. SP4/97 entirely replaces an earlier statement, SP5/95, which should no longer be used or quoted. »Ê¹ÚÌåÓýapp statement deals, amongst other things, with the taxation of insurance commissions received by employees and others. »Ê¹ÚÌåÓýapp part of the Statement of Practice relating to employeesâ€� liabilities is reproduced at EIM64605.
»Ê¹ÚÌåÓýapp guidance relating to the taxation of insurance agents who are employees is arranged asfollows:
| EIM64605 | Statement of Practice SP4/97 |
|---|---|
| EIM64610 | Trading Income cases |
| EIM64615 | Commission received by agents who are employees |
| EIM64620 | Commission and discounts available to the general public |
| EIM64625 | Invested commission |
| EIM64630 | Discounted premiums or price |
| EIM64635 | Cashbacks received by employees |
| EIM64640 | Expenses: full-time agents |
| EIM64645 | Expenses |
| EIM64650 | Claims for capital allowances on computers |