Income Tax (Earnings and Pensions) Act 2003 section 263

Power to alter benefits to which section 261 applies

Section 263 gives the Treasury the power to make regulations that limit or extend the scope of the recreational benefits exemption under section 261.

• The Treasury can remove specific recreational benefits from the section 261 exemption entirely by regulation
• The Treasury can impose additional conditions on who receives a benefit and on what terms, before the exemption applies
• The Treasury can extend the exemption to facilities that would not normally qualify under the standard conditions in section 261(3) to (5)
• The Treasury can also extend the exemption to benefits that are normally excluded under section 262