Income Tax (Earnings and Pensions) Act 2003 section 80

Vouchers where payment of sums exempt from tax

Section 80 excludes certain cash vouchers from the tax rules that normally apply to vouchers provided in connection with employment.

• The cash voucher rules in this chapter do not apply to two specific types of voucher.
• The first exclusion covers a voucher that enables a person to obtain a payment that would not count as employment income if it had been paid to them directly.
• The second exclusion covers a savings certificate where the accumulated interest is exempt from tax, or would be exempt if certain conditions were met.
• Where either exclusion applies, none of the chapter's charging or reporting provisions apply to the voucher.