C1Part 4Employment income: exemptions
Annotations:
Modifications etc. (not altering text)
Chapter 6Exemptions: non-cash vouchers and credit-tokens
Exemptions for particular non-cash vouchers and credit-tokens
270Exemption for small gifts of vouchers and tokens from third parties
1
No liability to income tax arises by virtue of Chapter 4 of Part 3 (taxable benefits: vouchers and credit-tokens) in respect of a non-cash voucher or a credit-token if conditions A to C are met.
2
Condition A is that the voucher or token is provided as a gift.
3
Condition B is that it is only capable of being used to obtain goods.
4
Condition C is that it meets conditions A to C and E in section 324 (general exemption of small gifts from third parties).
Pt. 4 modified (10.6.2021) by Finance Act 2021 (c. 26), s. 26(3)