Commentary

B2.215C Incidental employment income and directors' fees treated as trading income

Business tax
Business tax | Commentary

B2.215C Incidental employment income and directors' fees treated as trading income

Business tax | Commentary

B2.215C Incidental employment income and directors' fees treated as trading income

Professional practitioners' incidental employment income is treated as trading income in certain circumstances1 and applies whether the income is received by a sole trader or by an individual in partnership (see E4.203). The office or employment must be related to the trade and both the time spent and the payment received must be insubstantial compared with that of the profession. This treatment was enacted with effect from 6 April 2018 and was previously provided by concession2.

Similarly certain directors fees are treated as trading income

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