Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 4Taxable benefits: vouchers and credit-tokens
Meaning of “cash voucher”
75Meaning of “cash voucher”
1
In this Chapter “cash voucher” means a voucher, stamp or similar document capable of being exchanged for a sum of money which is—
a
greater than,
b
equal to, or
c
not substantially less than,
the expense incurred by the person at whose cost the voucher, stamp or similar document is provided.
2
For the purposes of subsection (1) it does not matter whether the document—
a
is also capable of being exchanged for goods or services;
b
is capable of being exchanged singly or together with other vouchers, stamps, or documents;
c
is capable of being exchanged immediately or only after a time.
3
Subsection (1) is subject to section 76 (sickness benefits-related voucher).