Part 3Employment income: earnings and benefits etc. treated as earnings

Chapter 2Taxable benefits: the benefits code

General definitions for benefits code

69BF1Optional 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).