Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 10Taxable benefits: residual liability to charge
Special rules for scholarships
214Scholarships: cost of the benefit
If an employment-related benefit consists in the provision of a scholarship from a trust fund—
a
section 204 does not apply, and
b
the cost of the benefit is the total of the payments made from the fund to the person holding the scholarship.