Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 4Taxable benefits: vouchers and credit-tokens
Cash vouchers: exceptions
80Vouchers where payment of sums exempt from tax
This Chapter does not apply to a cash voucher if it is—
a
a document intended to enable a person to obtain payment of a sum which would not have constituted employment income if paid to the person directly, or
b
a savings certificate where the accumulated interest payable in respect of it is exempt from tax (or would be so exempt if certain conditions were met).