Income Tax (Earnings and Pensions) Act 2003

215Limitation of exemption for scholarship income in [F1section 776(1) of ITTOIA 2005] U.K.
This section has no associated Explanatory Notes

If an employment-related benefit consists in the provision of a scholarship, [F2section 776(1) of ITTOIA 2005] (exemption for scholarship income) applies only in relation to the holder of the scholarship.

Textual Amendments

F1Words in s. 215 heading substituted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 299 (with Sch. 9 paras. 1-9, 22)