Commentary on Sections Glossary Part 2: Employment income: charge to tax Section 10: Meaning of “taxable earnings” and “taxable specific income”
54.“Taxable earnings” and “taxable specific income” are two more new labels to help identify income at the various stages from when it arises to when it becomes chargeable to tax in a particular tax year. This section explains each of those terms, setting out where to find the other provisions that set out particular rules for arriving at either “taxable earnings” or “taxable specific income”.