[312A Limited exemption for qualifying bonus payments]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[Chapter 10A
Exemptions: Bonus Payments by Certain Employers]

[312A  Limited exemption for qualifying bonus payments]

[(1)     This section applies in relation to qualifying bonus payments made, in a tax year (“the tax year”), by an employer which is a company to an employee or former employee of the employer.

(2)     No liability to income tax arises in respect of the qualifying bonus payments if, or to the extent that, the total chargeable amount in respect of those payments does not exceed £3,600 (“the exempt amount”).

(3)     If qualifying bonus payments are made to the same person by two or more employers in the tax year, subsection (2) applies separately in relation to the total payments made by each employer, unless subsection

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