Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 4Taxable benefits: vouchers and credit-tokens
General supplementary provisions
96Dispensations relating to vouchers or credit-tokens
1
This section applies where a person (“P”) supplies the Inland Revenue with a statement of the cases and circumstances in which—
a
cash vouchers,
b
non-cash vouchers, or
c
credit-tokens,
are provided for employees whether they are the employees of P or some other person.
2
If the Inland Revenue are satisfied that no additional tax is payable by virtue of this Chapter by reference to the vouchers or credit-tokens mentioned in the statement, they must give P a dispensation under this section.
3
A “dispensation” is a notice stating that the Inland Revenue agree that no additional tax is payable by virtue of this Chapter by reference to the vouchers or credit-tokens mentioned in the statement supplied by P.
4
If a dispensation is given under this section, nothing in this Chapter applies to the provision or use of the vouchers or credit-tokens covered by the dispensation.
5
If in their opinion there is reason to do so, the Inland Revenue may revoke a dispensation by giving a further notice to P.
6
That notice may revoke the dispensation from—
a
the date when the dispensation was given, or
b
a later date specified in the notice.
7
If the notice revokes the dispensation from the date when the dispensation was given—
a
any liability to tax that would have arisen if the dispensation had never been given is to be treated as having arisen, and
b
P and the employees in question must make all the returns which they would have had to make if the dispensation had never been given.
8
If the notice revokes the dispensation from a later date—
a
any liability to tax that would have arisen if the dispensation had ceased to have effect on that date is to be treated as having arisen, and
b
P and the employees in question must make all the returns which they would have had to make if the dispensation had ceased to have effect on that date.