Part 4 Eligible Employees
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

Part 4 Eligible Employees

Eligible employees: introduction

24

An individual is an “eligible employee†in relation to the relevant company if the requirements of this Part of this Schedule as to the following are met at the appropriate time—

employment (see paragraph 25),

commitment of working time (see paragraphs 26 and 27), and

having no material interest (see paragraphs 28 to 33).

The employment requirement

25

To be an eligible employee in relation to the relevant company an individual must be an employee—

(a)     of that company, or

(b)     if that company is a parent company, of that company or a qualifying subsidiary of that company.

The requirement as to commitment of working time

26

(1)     For an individual (“the employeeâ€) to be an eligible employee in relation to the relevant company the average amount per week of the employee's committed time must equal or exceed the statutory threshold, that is—

(a)     25 hours a week, or

(b)     if less, 75% of the employee's working time (see paragraph 27).

(2)     The employee's “committed time†means the time that the employee is required, as an employee in relevant employment, to spend—

(a)

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