Income Tax (Earnings and Pensions) Act 2003 section 19

Receipt of non-money earnings

Section 19 establishes the rules for determining when non-cash employment earnings are treated as received for income tax purposes.

• Non-money earnings from specific benefits in kind (such as cash vouchers, credit-tokens, living accommodation, company cars and vans, beneficial loans, and employer tax payments) are treated as received in the tax year to which the relevant benefit charge applies
• Non-cash voucher benefits have their own timing rule and are treated as received in the tax year specified under the separate non-cash voucher provisions
• Where an amount is treated as earnings in respect of employee shareholder shares, those earnings are treated as received in the relevant tax year
• For any non-money earnings that do not fall within the specific categories listed above, the earnings are simply treated as received at the time the benefit is actually provided to the employee