BIM53951 - Diving industry

ICTA88/S314 provides that earnings from diving operations in the United Kingdom or a designated area which are concerned with the exploration or exploitation of the seabed, subsoil and their natural resources are assessable under Schedule D and not as employment income.

`Designated area' means any area designated under Section 1 (7) of the Continental Shelf Act 1964 and thus includes, for example, the United Kingdom sector in the North Sea.

The files for divers affected by ICTA88/S314 are centralised in Scotland North Area.

Earnings to which ICTA88/S314 applies are not liable to Class 4 National Insurance contributions, see IM6064