Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 2Taxable benefits: the benefits code
General definitions for benefits code
F169BOptional remuneration arrangements: supplementary
(1)
For the purposes of the benefits code “the amount foregone”—
(a)
in relation to a benefit provided for an employee under type A arrangements means the amount of earnings mentioned in section 69A(3);
(b)
in relation to a benefit provided for an employee under type B arrangements means the amount of earnings mentioned in section 69A(4);
(c)
in relation to a benefit provided for an employee partly under type A arrangements and partly under type B arrangements, means the sum of the amounts foregone under the arrangements of each type.
(2)
Subsection (3) applies where, in order to determine the amount foregone with respect to a particular benefit mentioned in section 69A(3) or (4), it is necessary to apportion an amount of earnings to the benefit.
(3)
The apportionment is to be made on a just and reasonable basis.
(4)
In this section and section 69A references to a benefit provided for an employee include a benefit provided for a member of an employee's family or household.
(5)
In this section and section 69A—
“benefit” includes any benefit or facility, regardless of its form and the manner of providing it;
“earnings” means earnings within Chapter 1 of Part 3 (and includes a reference to amounts which would have been such earnings if the employee had received them).