Introduction Details of the Schedule Part 4: Employment Income Exemption
55.Chapter 11 of Part 4 of ITEPA is amended to include new section 326B.
56.New section 326B(1) provides that no income tax liability arises on an individual in respect of reasonable costs of relevant independent advice whether or not they are paid or reimbursed by an employer.
57.New section 326B (2) sets out the meaning of ‘relevant advice’ for the purposes of this legislation.