Income Tax (Earnings and Pensions) Act 2003 section 93

Credit-token made available to public generally

Section 93 excludes certain credit-tokens from the employment income tax charge where the credit-token is widely available to the public and the employee receives it on standard terms.

• A credit-token provided to an employee may be exempt from the tax rules in this chapter if two conditions are met.
• The first condition is that the credit-token must be of a kind that is made available to the general public.
• The second condition is that the employee, or a member of the employee's family, receives the credit-token on terms no more favourable than those offered to the general public.
• If both conditions are satisfied, the credit-token falls outside the scope of the chapter and no taxable benefit arises from it.