Section 403(1) ITEPA 2003 states that a payment or benefit
within Section 401(1) ITEPA 2003 (see
EIM13000) counts as employment income
(see
EIM00510) only to the extent that it
exceeds £30,000. The £30,000 figure is described as a
threshold.
Some payments and benefits must be added together before
applying the threshold, producing an aggregate.
EIM13530 explains when this must be
done.
