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
