Introduction
1.These explanatory notes relate to the Income Tax (Earnings and Pensions) Act 2003 which received Royal Assent on 6 March 2003. They have been prepared by the Tax Law Rewrite project at the Inland Revenue in order to assist readers of the Act and to help inform debate on it. They do not form part of the Act.
2.The notes need to be read in conjunction with the Act. They are not, and are not meant to be, a comprehensive description of its contents. So if a section or part of a section does not seem to require explanation or comment, none is given.