Income Tax (Earnings and Pensions) Act 2003 section 32

Receipt of non-money earnings

Section 32 establishes the rules for determining when non-cash earnings (benefits in kind and other non-monetary remuneration) are treated as received for income tax purposes.

• This section applies only to non-money earnings — separate rules apply to cash earnings.
• The timing of when a non-cash benefit is treated as "received" matters because it determines which tax year the earnings fall into.
• These rules ensure there is a clear and consistent point at which non-monetary benefits are brought into charge to tax.
• The corresponding rules for directors are set out separately in section 19 of the Act.