Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 4Taxable benefits: vouchers and credit-tokens
General supplementary provisions
96AF1Power to exempt use of non-cash vouchers or credit-tokens to obtain exempt benefits
1
The Treasury may by regulations provide for exemption from any liability that would otherwise arise by virtue of this Chapter in respect of—
a
non-cash vouchers which are or can be used to obtain specified exempt benefits, or which evidence an employee's entitlement to specified exempt benefits;
b
credit-tokens which are used to obtain specified exempt benefits.
2
In this section—
“exempt benefit” means a benefit the direct provision of which is exempted from liability to income tax by a provision of Part 4 (employment income: exemptions), and
“specified” means specified in the regulations.
3
Regulations under this section may operate by amending section 266 (exemption of non-cash vouchers for exempt benefits) or section 267 (exemption of credit-tokens used for exempt benefits).