Commentary on Sections Example 3 Ne = £5,000; Da = 183; De = 183; Smg = 0 Section 346: Deduction for employee liabilities
1501.This is the first of a group of five sections that give relief for payments made against liabilities arising from an office or employment. It provides for a deduction for certain employee liabilities. The section derives from section 201AA(7), (8) and (9) and part of section 201AA(1) of ICTA.
1502.Subsections (1) and (2) define the payments for which a deduction may be claimed.
1503.Subsection (3) defines “premium” and provides some explanatory detail.