Commentary on Sections Glossary Part 2: Employment income: charge to tax Section 32: Receipt of non-money earnings
119.This section sets out the rules for determining when non-money earnings should be treated as received, excluding any money earnings. The section derives from section 202B(7) to (11) of ICTA. The exclusion of money earnings is new. See Change 2 in Annex 1. The counterpart to this section in Chapter 4 is section 19.