PART 3DEDUCTION AND REPAYMENT OF TAX

F1CHAPTER 3ABENEFITS IN KIND

Interpretation61A.

In this Chapter—

F2“amount foregone” has the meaning given in section 69B of ITEPA;

“authorised employer” has the meaning given by regulation 61C;

“main relevant payment” means the relevant payment normally made to the specified employee at regular intervals of a week or more;

“making good payment” means the payment referred to in regulation 61E(2) or 61G(2)(b);

F3“optional remuneration arrangements” has the meaning given in section 69A of ITEPA;”

“relevant amount” means the amount calculated in accordance with section 87A, 94A, 120A, 154A or 203A of ITEPA, as the case may be;

F4“specified benefit” means any benefit treated as earnings under any of the following provisions of Part 3 of ITEPA (employment income: earnings and benefits etc. treated as earnings)—

(a)

section 87 (non-cash vouchers) except where section 694 (non-cash vouchers: treated as payments of PAYE income) of ITEPA applies,

(b)

F5section 87A (benefit of non-cash voucher treated as earnings: optional remuneration arrangements),

(c)

section 94 (credit-tokens) except where section 695 (credit-tokens: treated as payments of PAYE income) of ITEPA applies,

(d)

F6section 94A (benefit of credit-token treated as earnings: optional remuneration arrangements),

(e)

section 120 (car),

(f)

F7section 120A (benefit of car treated as earnings: optional remuneration arrangements),

(g)

section 149 (car fuel),

(h)

F8section 149A (benefit of car fuel treated as earnings: optional remuneration arrangements),

(i)

section 154 (van),

(j)

F9section 154A (benefit of a van treated as earnings: optional remuneration arrangements),

(k)

section 160 (van fuel),

(l)

F10section 160A (benefit of van fuel treated as earnings: optional remuneration arrangements),

(m)

section 203 (employment-related benefit);

(n)

F11section 203A (employment-related benefit provided under optional remuneration arrangements);

“specified employee” means an employee to whom an authorised employer provides a specified benefit;

“Taxable Amount of the Benefit” has the meaning given in regulation 61D(1).