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.