Income Tax (Earnings and Pensions) Act 2003 section 95

Disregard for money, goods or services obtained

Section 95 prevents double taxation when vouchers or credit-tokens are provided to employees, by ensuring that the money, goods or services obtained through them are disregarded once the cash equivalent has already been taxed as earnings.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.