Part 2Income tax, corporation tax and capital gains tax
Chapter 2Personal taxation
Taxable benefits
16Extension of exemptions for childcare, workplace parking, cycles etc
1
ITEPA 2003 is amended as follows.
2
In section 237(1)
(exemption for provision of workplace parking), for “No liability to income tax arises by virtue of Chapter 10 of Part 3 (taxable benefits: residual liability to charge)” substitute “
No liability to income tax arises
”
.
3
In section 244(1)
(exemption for provision of cycles and cyclist's safety equipment), for “No liability to income tax arises by virtue of Chapter 10 of Part 3 (taxable benefits: residual liability to charge)” substitute “
No liability to income tax arises
”
.
4
In section 270A(1) (limited exemption for qualifying childcare vouchers), for “employee, liability” substitute
employee—
a
no liability to income tax arises by virtue of section 62 (general definition of earnings), and
b
liability
5
In section 318(1)
(childcare: exemption for employer-provided care), for “No liability to income tax arises by virtue of Chapter 10 of Part 3 (taxable benefits: residual liability to charge)” substitute “
No liability to income tax arises
”
.
6
In section 318A(1) (childcare: limited exemption for other care), for “child, liability” substitute
child—
a
no liability to income tax arises by virtue of section 62 (general definition of earnings), and
b
liability
7
This section has effect for the year 2005-06 and subsequent years of assessment.