54 Calculation of deemed employment payment
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

The deemed employment payment

54  Calculation of deemed employment payment

(1)     The amount of the deemed employment payment for a tax year (“the year”) is the amount resulting from the following steps—

Step 1

Find (applying section 55) the total amount of all payments and benefits received by the intermediary in the year in respect of the relevant engagements, and reduce that amount by 5%.

Step 2

Add (applying that section) the amount of any payments and benefits received by the worker in the year in respect of the relevant engagements, otherwise than from the intermediary, that—

(a)     are not chargeable to income tax as employment income, and

(b)     would be so chargeable if the worker were employed by the client.

Step 3

Deduct (applying Chapters 1 to 5 of Part 5) the amount of any expenses met in the year by the intermediary that would have been deductible from the taxable earnings from the employment if—

(a)     the worker had been employed by the client, and

(b)     the expenses had been met by the worker out of those earnings.

If the result at this or any

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