EIM01504 - Employment income: exemption for
long service testimonial awards: meaning of "same employer"
Section 323(5) ITEPA 2003
The exemption in Section 323 ITEPA 2003 applies to awards that
are made to mark long service with the same employer (see
EIM01500). For the purpose of the
exemption, service with two or more employers is treated as being
with the same employer if:
- each of them is a successor or predecessor
of the other(s), or
- one of them is a company that belongs (or
has belonged) to the same group as the others (or a predecessor or
successor of the others).
“Group” means a body corporate and its 51%
subsidiaries.
