Income Tax (Earnings and Pensions) Act 2003

[F1448Amount of chargeU.K.

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The taxable amount for the purposes of section 447 (charge on other chargeable benefits) is the amount or market value of the benefit.]

Textual Amendments

F1Pt. 7 Ch. 4 (ss. 447-450) substituted for Pt. 7 Ch. 4 (ss. 447-470) (16.4.2003 with effect in accordance with Sch. 22 para. 9(2)-(4) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 9(1)