Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 4Taxable benefits: vouchers and credit-tokens
General supplementary provisions
95Disregard for money, goods or services obtained
1
This section applies if the cash equivalent of the benefit of a cash voucher, a non-cash voucher or a credit-token F1or the relevant amount in respect of a cash voucher, a non-cash voucher or a credit-token —
a
is to be treated as earnings from an employee’s employment under this Chapter, F2...
F2b
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Money, goods or services obtained—
a
by the employee or another person in exchange for the cash voucher or non-cash voucher, or
b
by the employee or a member of the employee’s family by use of the credit-token,
are to be disregarded for the purposes of the Income Tax Acts.
3
But the goods or services are not to be disregarded for the purposes of applying sections 362 and 363 (deductions where non-cash voucher or credit-token provided).
F33A
In the case of a childcare voucher, the reference in subsection (2)(a) to the services obtained in exchange for the voucher is to the provision of care for a child obtained by using it.
4
In the case of a transport voucher, the reference in subsection (2)(a) to the services obtained in exchange for the voucher is to the passenger transport services obtained by using it.