778 Exceptions to charge to tax under section 777

This section provides for certain exclusions from the charge to tax under section 777. That section is not to apply where the retirement benefits provision made for the employee is under —

• an approved scheme,
• a statutory scheme, or
• a scheme set up by a foreign Government for the benefit of its employees.

Section 777 is also not to apply where the emoluments of the employee concerned are not chargeable to tax at all, or are chargeable only on the amount of the employee’s earnings actually remitted to this country.

Relevant Date: Finance Act 2019