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Home / Simons-Taxes /Personal and employment tax /Part E4 Employment income /Division E4.1 Employment and pension income—scope of charge /Employment income—scope of tax charge / E4.118 Employment income—time of receipt of earnings for tax purposes
Commentary

E4.118 Employment income—time of receipt of earnings for tax purposes


Personal and employment tax

General earnings consisting of money are treated as received1 for tax purposes at the earliest of the following times2:

  1. Ìý

    (1)ÌýÌýÌýÌý the time when actual payment is made of or on account of the earnings

  2. Ìý

    (2)ÌýÌýÌýÌý the time when a person becomes entitled to payment on or on account of the earnings

  3. Ìý

    (3)ÌýÌýÌýÌý if the employee is a director of the company and the earnings are from employment with the company (whether or not as director), whichever is the earliest of:

    1. Ìý

      (a)ÌýÌýÌýÌý the time when sums on account of the earnings are credited in the company's accounts or records (whether or not there is any restriction on the right to draw the sums)

    2. Ìý

      (b)ÌýÌýÌýÌý if the amount of the earnings for a period is determined by the end of the period, the time

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