694 Non-cash vouchers
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

694  Non-cash vouchers

(1)     If a non-cash voucher to which this section applies is received by an employee, the employer is to be treated, for the purposes of PAYE regulations, as making a payment of PAYE income of the employee of an amount equal to the amount ascertained under section 87(2) [or 87A(4)] (benefit of non-cash voucher treated as earnings).

(2)     This section applies to a non-cash voucher to which Chapter 4 of Part 3 (taxable benefits: vouchers and credit-tokens) applies if—

(a)     either of the conditions set out

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