[103A Accommodation provided pursuant to optional remuneration arrangements: relevant amount]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[103A  Accommodation provided pursuant to optional remuneration arrangements: relevant amount]

[(1)     To find the relevant amount, first determine which (if any) is the greater of—

(a)     the modified cash equivalent of the benefit of the accommodation (see sections 105(2A) and 106(2A)), and

(b)     the amount foregone with respect to the benefit of the accommodation (see section 69B).

(2)     If the amount mentioned in subsection (1)(a) is greater than or equal to the amount mentioned in subsection (1)(b), the “relevant amount” is the cash equivalent of the benefit of the accommodation (see section 103).

(3)     Otherwise, the “relevant amount” is the difference between—

(a)     the amount foregone with respect to the benefit of the accommodation, and

(b)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Direct discrimination

Direct discriminationIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an

LEXISNEXIS

In a business-to-business contract where a contractual long-stop date has passed but the parties wish to

In a business-to-business contract where a contractual long-stop date has passed but the parties wish to continue with the contract, should they document their intention to continue or enter into a new contract?Long-stop dateAs stated in the Drafting Notes to clause: Long-stop date definition, the

LEXISNEXIS

Voluntary manslaughter

Voluntary manslaughterVoluntary manslaughterVoluntary manslaughter consists of those killings which would be murder (because the accused has the relevant mental element for murder) but which are reduced to manslaughter because of one of the three special defences (loss of control, diminished

LEXISNEXIS

Medco

MedcoSTOP PRESS: A new RTA small claims protocol for whiplash claims comes into effect for accidents occurring on or after 31 May 2021. The small claims track limit for personal injury claims arising from an RTA is increased to £5000 in respect of general damages for pain, suffering and loss of