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The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 Sch 8 para 11

Sch 8 para 11 Definitions applicable to the single total figure table

(1) In paragraph 7(1)(b) “taxable benefits” includes— (a) sums paid by way of expenses allowance that are— (i) chargeable to United Kingdom income tax (or would be if the person were an individual, or would be if the person were resident in the United Kingdom for tax purposes), and (ii) paid to or receivable by the person in respect of qualifying services; and (b) any benefits received by the person, other than salary, (whether or not in cash) that— (i) are emoluments of the person, and (ii) are received by the person in respect of qualifying services. (2) A payment or other benefit received in advance of a director commencing qualifying services, but in anticipation of performing qualifying services, is to be treated as if received on the first day of performance of the qualifying services.

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