Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 4Taxable benefits: vouchers and credit-tokens
Benefit of cash voucher treated as earnings
81Benefit of cash voucher treated as earnings
1
The cash equivalent of the benefit of a cash voucher to which this Chapter applies is to be treated as earnings from the employment for the tax year in which the voucher is received by the employee.
2
The cash equivalent is the sum of money for which the voucher is capable of being exchanged.