Income Tax (Earnings and Pensions) Act 2003 section 73

Cash vouchers to which this Chapter applies

Section 73 defines which cash vouchers fall within the scope of this Chapter and when they are treated as received by the employee.

• The Chapter applies to cash vouchers provided to an employee by reason of their employment and received by that employee.
• Where the employer provides the voucher, it is presumed to be employment-related unless the employer is an individual and the voucher was given in the normal course of domestic, family or personal relationships.
• A cash voucher appropriated to an employee — whether by attaching it to a card held for the employee or by any other means — is treated as received at the time of appropriation.
• The deemed time of receipt on appropriation is particularly important for PAYE purposes, as it determines when the tax obligation arises.