Commentary on Sections Example 3 Ne = £5,000; Da = 183; De = 183; Smg = 0 Section 503: Charge on partnership share money paid over to employee
2054.This section is the second of three that impose tax charges connected with the holding of shares. The section imposes a charge to income tax if an amount is paid over to an individual under any of the provisions in Schedule 2 that are listed in this section.
2055.This section derives from paragraph 84 of Schedule 8 to FA 2000.